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Also remember if you buy the full version - rather than HP/OEM - you are entitled to install it not only on a desktop PC, but also on a second laptop. So long as, ahem, they aren't used at the same time.
But the full product will activate on two machines, I think.
Another option, if Word is what you really want, is to buy the full Works Suite, less than £100, which includes a full (older) version of Word.
Me, I use google docs for free. Centrally stored, can import Word, and I can work on my docs on any PC that is internet connected. If cobined with google gears, I hear you can also work offline.
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