Microsoft just announced Office for the iPad which include PowerPoint, Excel, and Word.
I’m not sure who’s going to use any of these apps, they are free but in order to use them, you need an Office 365 subscription which cost $6.99/month (or $69.99 a year).
There’s a lot of third party apps on the AppStore that let you write, edit, and do great presentations.
I feel like Microsoft is just doing catchup in the software department and finally trying to take advantage of the AppStore big market.
Here’s the apps if you wanna try them or if you have an Office 365 subscription.