You can use the inspector pallette in pages and the formatting palette in word 01/04/08. Then it's just one click as well.
But to use these inspector pallettes, I first have to click on the inspector pallette, which I don't keep open because I don't like the desktop clutter. The ribbon is integrated and constant and not floating around on my desktop in a separate window.
And then with the inspector pallettes, I have to click an arrow to open the sub-menu, and then I have to click a tiny box saying don't insert extra space after paragraph.
With Office 2011 this command is right there in the ribbon in a giant Styles box. Much easier for me, and that's whole point. I like the ribbon, and I like the look and feel.