It takes two minutes for Microsoft Word to open on your computer?
The program loads pretty quickly for me, I'm on a first generation Intel iMac.
The program does feel a bit bulky though, it feels like Microsoft discovered how to use 3D effects in Mac OS X and went crazy - adding effects to everything possible.
-----
There are also alternatives to Office if you really don't want to use the 2004 version, such as NeoOffice.
Another nice word application is Bean; it doesn't have very many features but is lightweight and gets the job done.