Once you figure out the things that throw you initially, it's actually very nice - and much easier to make things look nice (and professional) than in Word.
I'm actually going to chuck PageMaker in favor of Pages for our next catalog. Pages exports to high-quality PDF, whic printers seem to favor now. I'm very excited about the freedom it's going to give me to be creative.
That said, there are bugs and some things that weren't thought out. When you send things "to back", it sends them behind the "text layer". Having all objects default to causing wrap is an issue for me. I tend to want objects to *not* cause wrap. Also, there are some printing bugs. If you use the text-in-a-shape feature, all of the shapes on the page take on the same text!!!! I have to export my manual to PDF and print it from there - not good. And some annoying things that are just needlessly different than AW.
But, still more stable than Word!!!
And 2.0 will shine, just like Keynote came to age.