For those who want to know more about the Microsoft Office Activation Wizard, please take a look at this FAQ on the MS support site.
“The 2007 Microsoft Office suites include an Activation Wizard. To fully use a retail version of a 2007 Office suite or program, you must activate it. If you do not activate the product after you install it, the 2007 Office programs can be started only in reduced-functionality mode. In reduced-functionality mode, 2007 Office programs function more like viewers.
In other words, you cannot save modifications to documents or create new documents. Additional functionality may be reduced. No existing 2007 Office files are damaged when a product runs in reduced-functionality mode.”
http://support.microsoft.com/kb/927921
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