Well, I installed SP2 for Office 2007 this morning. The file was about 297MB, which downloaded in no time. Installation took about 15 minutes to complete. After installation I was asked to reboot the PC. Afterwards I was able to access everything Office 2007 with no problems. I have to remember next time to grab a screen shot and post it here.
I did check to see if PDF and ODF was available in Word, and it was. They say I should see an improvement in Outlook, but I didn’t see it on my old PC. I also saw I can save open source spreadsheets in Excel, but I didn’t have time to try it.