Thoughts on free Microsoft Office alternatives?

Ben Rubenstein Profile: Ben Rubenstein
What are people's thoughts on free productivity suites like OpenOffice and LibreOffice? After I was unable to transfer my existing version of Office over to a new Mac, I downloaded both to see if they would be good alternatives. While they seem to work ok (I like LibreOffice slightly better, I think), I did notice when opening Word docs that the formatting is slightly off (bullets not displaying, spacing is off). It's fixable, but if I'm going to be sharing docs back and forth between the programs, I'd want to be confident that formatting would remain consistent. Anyone have experience with this, and thoughts on how these work over the long haul?

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