Microsoft Ditching Works for Ad-Supported Office Starter 2010
The new version will be called Office Starter 2010. Office Starter 2010 will include Office Word Starter 2010 and Office Excel Starter 2010, with basic functionality for creating, viewing and editing documents. Microsoft indicated that the Starter version will have the same basic functionality that Microsoft Works does.
This software, of course, will come pre-installed on new PCs. For those with older systems, Microsoft will sort of stream Office 2010 to their PCs when required using Click-To-Run, a new technology, which the company unveiled in the July invitation-only Technical Preview of Office 2010. It downloads the essential pieces you need for the task at hand, and does the rest in the background.
Microsoft Office 2010 - Visio - Click for high res...
Of course, Office 2010 hasn't even been released yet. Microsoft will offer a broader (and presumably, public) beta later in the year. At this point, Microsoft has much to be concerned with in terms of its Office offerings, as it will continue to have competition with Google Docs, OpenOffice, and eventually, its own Web Apps.
And yes, Office 2010 will have the much-maligned "Ribbon."