Hello everyone:
I had the opportunity today, to review the upcoming 2007. There are no more toolbars, however, MS has substituted a ribbon. This ribbon displays all of the commands that you would need. I am not sure if you can create your own ribbon like in word 2002-03 toolbar.
If you would like to review the software, please click on the following link.
http://www.microsoft.com/learning/office2007/default.mspx%5B/url%5D
I would like to hear from someone else who has also reviewd this preview
dillon