You'll probably lose all your contacts though i'm not to sure.
You can try to backup them it's probably as easy as copy paste or just dragging them somewhere else. Maybe it even has a backup your settings or backup your contacts or something like that
But i don't really have any experience with office 2007. so you'll have to play around with it for yourself
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Samsung Syncmaster 226BW 22" @ 1680x1050
Antec P182 - 3 Nexus Real Silent 120mm Fans
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Sparkle 8800 GT Coolpipe 3 512MB
Creative Audigy Soundblaster - Logitech X-540 5.1 Speaker Set
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