So rumor has it (again, with the rumors, yes) that Microsoft is pouring a big part of its brain power into producing a version of its Office package and plans to deliver it to Apple?s smash hit, king of all kings, the mighty iPad. Excited, yet?

Currently the only tablets that have been known to sport good old trusty Microsoft Office are Windows tablets and until the Windows 8 is out and flying, we won?t really know many details, apart from ? yes you guessed it right ? rumors. The app will reportedly cost merely $10, but it?s no wonder since Office-like apps in the App Store cost about the same.

But think about what this could mean? One of the points that has been brought up my specialists is the idea that once Microsoft starts building apps for Apple, it has admitted the defeat in the tablet market. But some seem to disagree, saying that there?s actually no tablet market. Maybe just the iPad market. Maybe Apple has smelled competition with the release of Amazon Kindle Fire but that?s kind of it. The number of iPad entering the enterprises today is immense. Just a year ago, you could barely spot an iPad here and there, but now you just need to turn around and they are everywhere. So, it figures that having Office on the iPad would be an instant hit for those who use Office at home or at work.

The reasons why Microsoft should go ahead with the idea are pretty visible. Even though Microsoft is working tirelessly in preparing Windows 8 for tablets and getting it ready for market release, it makes sense that Microsoft could also focus its efforts on the iPad, as Apple?s popular release will certainly dominate the market in the future as well.