Microsoft released the Office Suite (three Apps, Word, Excel and Powerpoint) for the iPad today in San Francisco. Though pundits have been claiming that this is too late, the initial look and reviews are fairly positive, like this one from Paul Thurrott [ref].
Apple's iWork suite works fine and probably more intuitive and easy to use for most of the casual users, but iWork lacks some of the more complex functions that Microsoft Office users, mainly enterprise users have been accustomed to and that is where this Office for iPad will make a big difference. Irrespective of the welcome this App suite for the iPad gets, it definitely takes iPad one step further in the right direction, to make it an even more productive device.
Even Tim Cook had to formally (when I say formally, I mean on Twitter of course) welcome the Office suite for iPad. Now, next up we need to get a better multitasking and multiple window operation on the iPad!