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System requirements for Office 2007 aren’t finalized yet, but so far Microsoft says that you must run Windows XP SP2 on a 500MHz PC with a 2GB hard drive and 256MB of RAM (512MB for Outlook with Business Contact Manager). Microsoft has reduced the number of suites for the Office 2007 System to seven, ranging from Basic to Enterprise. Most consumers will opt for Basic (containing Excel, Outlook, Word) or Standard, which throws in PowerPoint. The Small Business package adds Publisher as well as the Business Contact Manager version of Outlook.
Read [Cnet]
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