Katherine Murray from TechRepublic, lists ten word features that can be replaced with the new tools.
#1: The Font dialog box (She says use Themes, I prefer to control individual components)
#2: Mark As Final (I agree, it's not that Final)
#3: Save As Word XML (I agree. "Today’s Word is completely built on Office OpenXML, so now all the files you create and save in Word 2007 are actually saved in XML". )
#4: Mail Merge Wizard ( I agree. Mail merge is not that hard. It is only made more difficult with the Wizard)