Actually, no, it doesn't work for what I need to do.
Just to clarify:
Word is a poor choice for a technical document for many different reasons. The need to include (one or more of) mathematics, figures, code, greek letters, embedded post script, footnotes, end notes, any number of other things I'm probably forgetting, and have a uniform, consistent look through the paper sort of invalidates word as an option. Word has trouble with long documents (100 pages causes it to seriously choke), which is not uncommon in academia.
Basically, it comes down to proper tool for the job. TeX and it's variants are the proper tool for math, science, and technical writing. Word is the proper tool for something, even if I haven't found it. Undergrads typing papers, secretaries sending out memos, maybe other cases I have no use for?