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Microsoft will release Office for Mac 2011 Service Pack 1 sometime next week



From The Loop:
The SP1 update will be big for Mac users and will contain increased stability, security, performance enhancements, and some new features. The biggest new features will come in Outlook.
The update will enable calendar syncing between Outlook for Mac and Apple’s Sync Services. This means you can now sync your Outlook calendars, as well as your contacts, notes and tasks with any service or device that supports Sync Services.
  Office for Mac 2011 SP1 coming next week