Since iWork 06 was clearly the 5th wheel of yesterday's
keynote, I'd throw money down that it is (unofficially) nothing more than a 20th (note: not 21st) century version of
AppleWorks just to give those who still use it something OS X-ish to switch to. I would also bet that Apple is sick of
supporting that old horse and could simply be using iWork to help put it out to pasture.
If you watch yesterday's keynote, iWork 06 gets a mention on stage but almost immediately a "well we don't have time for it now, but you can check it out on the web" from his Steveness.
Um, what? You're going to mention this software you introduced barely a year ago but then promptly drop-kick it off stage? And where is Numbers, one of the supposed missing links that could propel iWork into the "useful" category of so many users software toolbelts?
Given this year's "we barely care" treatment of iWork, I think it's safe to say that Apple really isn't planning on stacking it up against Office. At least, not anytime soon.