Buying MIcrosoft Office for new iBook

Hello,
I don't know if this is the right place for this question, but I couldn't find anywhere else to ask it. I just got a new G4 iBook (haven't even booted it up yet!), and I want to get started on the right foot. (My G3 iBook's hard drive is cluttered up with excess applications, etc.)
I need to get MS Office for the new iBook. I am academic, so I'm eligible for the Academic Price of $149. I'm also on a low budget, and I'm wondering if I can get it cheaper, for example on ebay. Are the versions on ebay legit, registerable versions, or somehow bootlegged or otherwise problematic? How do I know this by looking at the ad?
Also, I see that there's going to be a new version (Office 2007) coming out later this year. Is there any reason I should try to hold out for that? Will it be a lot more money? Will it be prone to bugginess? If the only difference will be a few new geegaws, I don't really care about that at all. Does anybody know if the new version will be compatible with the old (in other words, can I work on my documents both at school and at home if one has 2007 and the other 2004)? I also would like to install the new Office on both iBooks.
Thanks in advance!
Anna
PS. Some more questions about the new iBook might be forthcoming...
Ibook G3 500 MHz, iBook G4 1.33 GHz   Mac OS X (10.3.9)   14 GB HD, 640 MB RAM

...for example on ebay. Are the versions on ebay legit, registerable versions, or somehow bootlegged or otherwise problematic? How do I know this by looking at the ad?
Buyer beware. There is no way that you can absolutely guarantee the integrity of those packages.
Also, I see that there's going to be a new version (Office 2007) coming out later this year.
No, it is Office 2008 not Office 2007. See this link.

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