OpenOffice
OpenOffice is the best free alternative to Microsoft Office as evidenced by its popularity with thousands of people downloading the suite daily.
OpenOffice includes Writer, a feature-rich text editor, as well as a spreadsheet program called Calc, a presentations program called Impress and a graphics program called Draw.
But that's not all. There's a math program for formulas and the possibility of saving your files as PDFs in just a click. Interface-wise, the program looks very similar to older versions of MS Office, seeing as though MS Office went through a radical change with the 2007 version. Best of all, the OpenOffice programs are all compatible with Microsoft programs.
Version 3.0 just came out and is available for download. You can personalize the download by only installing the programs you think you will use.