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Powerful? Word, by a mile. I like Pages better for notes: its note taking template is very straightforward and automatically changes bullet points depending on how indented you are. 90% of all my notes are in Pages now. If you ever cooperate with others on anything you write (and you will), it's always Word + track changes. Maaybe GDocs if there are more Mac users / people that are good with computers. Also some of my must-have apps: Quicksilver, Caffeine (for keeping your screen on), iStat Menus, The Unarchiver for anything that isn't zip and Colloquy for IRC.