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If you haven't upgraded to Windows 7 or are looking for a new version of Office, don't head to your nearest retail store/website just yet.  You may have a cheaper option.  If you are a student or teacher chances are that you qualify for academic pricing.  Microsoft's web page with more information can be found here.  You may have better luck, however, asking someone at the campus bookstore or checking your school's website for specific deals. 

Another option I just read about on CNET's Cheapskate blog is Microsoft's TechNet subscription service.  Basically for $200 you can download almost any piece of Microsoft Software for up to 10 computers (non commercial use).  This includes Windows 7 and Office.  A full list of available software can be found here (xlsx file).  For more details on this product/program I recommend checking out the blog post on bnet. 

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