I scanned most of the responses above REAL FAST.
So if I get anything wrong, please bear with me.
My feelings about iWork 06 --
Sure, I would love an Office killer. But it is quite apparent Apple has no intention of doing so at this point.
Re. the standalone spreadsheet --
I think they made it incorporated, because they want a simple, no brainer product for the masses. When you think about it, Office is 4 or 5 programs (or whatever, depending upon version) with 4 or 5 windows. Appleworks is one program, with ca. 4 or 5 windows (haven't opened it in awhile). Pages is one program, one window, ca. 4 or 5 basic functions.
At least some of us 'jack of all trade' folks out there, who wear many hats and use many programs, like the idea of not having many windows open, when it could all be done in one. Sure the table could likely have more power - but frankly, I am still waiting to get my mitts on this thing and evaluate it.
If all you want is simple spreadsheet - don't use the other parts of the program. But the great thing, is that apparently you will be able to add all kinds of fancy annotations, charts, explanations around the periphery if you want.
I would like a flat file database though, as in Appleworks. Then that thing could be put to rest once and for all.
Re. Keynote - I don't do much presentation. I am my own boss. So I haven't played with this type of thing much - ergo - no comment.