Hi Turtle91,
I'm not sure that Gregg Bell can use it. Anyway, I don't know: he is perhaps a prof or a student. And maybe he needs all of the stuff included within an Office suite. Anyway, he was talking about Word as a free software...
Personally, I really dont like the new subscription option, but I can understand that is a solution for a company or an individual.
About the price: Office Home and Student 2010 was offer for about $130 and could be installed on 3 pc: now it is $140 for only 1 pc. There are changes of course between the 2 versions: I'm not sure it's worth the price increase, though, certainly not for me.