According to the UK site it is £38.95 which at current rates equates to $78 - why can't MS do sums?
Actually if you start the order process it does say you can buy a DVD-ROM for a nominal charge if you don't want to rely on downloads.
OK you can only install it on one machine but at that price you can buy a couple of copies if you need to (assuming they let you buy more than one license at that price).
Personally I can see no compelling reason to move on from Office 2003 (esp. as Outlook 2007 is notoriously bad and will probably need a couple of service packs to get it working properly) - however if I were still using Office 200 or XP I would probably upgrade.
For anyone interested note that you get full copies of:
* Word 2007
* Excel 2007
* PowerPoint 2007
* Publisher 2007
* Access 2007
* Outlook 2007 with Business Contact Manager
* OneNote 2007
* InfoPath 2007
* Groove 2007
and so it is almost worth it just for OneNote 2007.
I suppose I am slightly tempted - does anyone know if you can install Office 2007 without Outlook and retain Outlook 2003 ? The beats allowed that because the PST file format changes and can't be easily reverted to XP/2003 format but I don't know if you can do this in the full release version.
Buy the way - the academic check is done by the use of academic email addresses (at least in the UK) but they may also contact you to provide further documentary proof (student card or other written confirmation).
There is also a minimum requirement that your course enrolment must be at least 50% full time equivalent.
Also you can only purchase one copy - here are the relevant bits:
Eligibility: Entry into this promotion may only be made by students who are enrolled at, and possess an email address with the suffix ‘ac.uk’ at an educational institution geographically located in the United Kingdom. This offer is non-transferable. This offer cannot be combined with any other Microsoft offers or rebates.
Microsoft or an appointed vendor may contact you to verify that you are a current student. If documentation is not provided indicating that you are a current student, you will be liable to reimburse Microsoft for the full retail cost of the software (£599.99)
Promtion Limits: Only one trial download and one purchase per eligible student will be accepted. Entry constitutes full and unconditional acceptance of these terms and conditions. Microsoft reserve the right to exclude any individual who is in breach of these terms and conditions. This offer is subject to availability.
Given that you can only purchase a single copy and it can't be installed on more than one computer that makes the decision clear for me - especially as it may not install again if you upgrade your computer with memory or a larger hard disc (at least that was suggested for the Windows Vista activation system and so presumably similar provisions apply to Office 2007 - haven't checked tho')