Microsoft announced that Office 2011 will update to support versioning, auto save and full-screen for Mac OS X Lion but expected need few months to get it ready. Pat Fox of the Office for Mac team wrote on official blog as below:
Finally, the most common question – yes, we are working hard with Apple to enable versioning, auto save, and full-screen for Office for Mac 2011. I know your next question will be “when?”, and unfortunately I can’t answer that – but it’s likely measured in months not days – just to set expectations.
Together with this news, Pat Fox announced release of Communicator for Mac update through Microsoft AutoUpdate which addresses issue related to crashing in Lion. Microsoft stated Office for Mac 2004 will not ever work on Lion because Office 2004 was PowerPC-based product and Lion no longer includes Rosetta.
via Apple Insider