With the release of Office 2011 14.3.7, Microsoft has bashed a number of bugs and closed a security vulnerability in Excel that could allow remote code execution from a specially crafted spreadsheet file. On the Outlook front, the update fixes several issues related to navigation through several panes and using screen reader software. Outlook also now enables you to insert images via the Format menu and adds an item sort order to the View menu. The new release also improves how SharePoint handles opening and checking out files to avoid a crash, plus it prevents a crash in Excel when a spreadsheet contains several drop-down macros. (Free updates via the Office for Mac Web site or through Microsoft AutoUpdate, 113 MB, release notes)
Disable Caps Lock
If you find yourself pressing the Caps Lock key accidentally as much as I do, note that you can disable it entirely in Mac OS X. Open the Keyboard & Mouse preference pane, click the Modifier Keys button, and in the dialog that appears, select No Action from the Caps Lock pop-up menu. You could remap it to another modifier instead, but that might make using differently configured Macs more difficult.