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Look at the new features offered by Microsoft 2010, the other existing features have also been touched upon.
Editors review: Microsoft is very good at desktop based application and Office is one of its gem, it has not disappointed with this offering.
Word 2010:
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Improved Smart Graphics
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Work together in real time with the new Co-Authoring feature.
PowerPoint 2010:
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Embed, trim, add bookmarks, and special effects to videos right in PowerPoint.
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Broadcast presentations instantly by creating a link for real-time, online viewing.
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Share with others and stay on top of changes using the Co-Authoring feature.
OneNote 2010:
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Link notes back to their source with Linked Notes.
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Make edits with others at the same time using the new OneNote Web App.
Outlook 2010:
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Stay connected with social and business network updates using new Outlook Social Connector.
Excel 2010:
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Highlight important data trends in seconds using new Sparklines.
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Edit documents with others simultaneously using the new Excel Web App.