As a complete convert to Google Docs I say largely irrelevant. The reality for me (and I'd imagine a large chunk of computer using population) is that I very rarely need all the features of Excel and Word to do my job, so the benefits of an online suite (collaboration, sharing etc) outweigh the lost features.

I envisage Word becoming more of a publishing application for those few people in a company who need to make publishable documents. The rest of us will survive with only ~16 fonts.