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Realistically, the only threats to Office are Google Docs and open source software; and both of those threats are many years away from seriously impacting Office.

The gap between office and the open source office suites gets a little smaller each year, and they're adequate tools for the bulk of people who only scratch the surface of what Office offers, but they're still a long ways away from matching office. Google Docs is a threat because it seems to represent a solution to a common problem that Microsoft has not produced a good solution for, document sharing and collaboration; the lack of certain features can easily be ignored because it offers other features. Even with Google docs, while its features are acceptable for the bulk of users who only scratch the surface of what Office can do, it will be years before it can match the functionality of Office.

For Apple to try and replace Office on their own they are (likely) going to take 5 years to produce a product that is 10 years behind what Microsoft is offering.