Eight months ago, and together with three partners, Microsoft started and funded an Open XML Translator project. Version 1.0 of the plugin has been released with plans for a spreadsheet and presentation translator plugin ready for previews in May, and a final release in November, 2007.
This plugin facilitates the conversion of documents from one format to the other. For example, if you are using Microsoft Word with the plug-in, you can choose to open and save documents in ODF instead of the Opem XML format, the new industry standard.
Tom Robertson who is the general manager for Interoperability and Standards at Microsoft says,