Office on your iPhone?

Blogging from the Web 2.0 Expo keynote, Jason Kincaid reports that Stephen Elop, President of Microsoft Business Division, hinted that we may be seeing Microsoft Office make its way to the iPhone sometime soon. After his interviewer Tim O’Reilly caught him on the comment, Elop backtracked a bit, stating “not yet, keep watching”. But it’s clear that an iPhone version of Office is on his mind.
Rumors of an Office client for the iPhone have been circulating as users clamor for a way to edit their Word and Excel files on the go (the iPhone allows them to view them, but doesn’t include any editing functionality).
I found Jason’s post on TechCrunch this morning; you should check it out for the comments, which were mostly unfavorable to Office. For more levity, you should check out this flickr mock up proposing what Office might look like on your iPhone.