Its taken a very long time, but version 2.0 of OpenOffice is out.
Ive been using the various nightly builds of 2.0 for a couple years now, and its served me well for when i need a more powerful word processor (then notepad) and/or a spreadsheet.
My biggest fear for OpenOffice is that Office 12 looks to be a rather large shift, and either OpenOffice will try to meet the new challenge or it will fall behind and then claim to be "lighter & faster"