I just installed Office 2008 on my 2012 MBA. No problems with the installation or usage. I considered getting Office 2011, but then I realized that in 2008, I had bought a three-license version and had used only one so far.
Thanks. I hate having to purchase this software JUST for this issue. I even tried downloading a demo of Office '11 and it wasn't working right. Same thing happened a few months ago when I tried downloading a demo. A few days later I finally got the download link. By then I gave up.
So would y'all suggest using 2008 or 2011? Also, let's say I buy 2011 and it's still not formatting it properly, could I cancel that license and sell it as used?
From what I can gather, you can't install 2008 on 10.7 but you can run it if it's already installed (for example, if you have upgraded from 10.6).
Office 2008 installs on Lion!
If you need Office for only a day or so, I'd use the 11 demo. If you decide to buy, new copies of 08 can be had for <$50 on Amazon.
I have no experience with 11 except for Outlook, which is fine.
Office 2008 installs on Lion! Be sure to update the MAU and the MERP then apply all updaters. You can find them under Additional Tools on Microsoft downloads.