The point being -- it doesn't matter if the folks backing ODF are right. It doesn't matter that ODF is a more-credible, streamlined, logical and transparent spec than OOXML.
What matters is that Microsoft is giving corporate developers what they want -- an XML-paved road directly into the Microsoft Office suite found on 90 percent of corporate desktops. And what's more, the company is upping the ante, with Visual Studio Tools for Office, new Office Business Applications and innovations like the Office 2007 Fluent UI.
So the challenge for ODF proponents is a steep one. Even if they win the battle, and somehow deny Microsoft ISO approval, they can still lose the war. Because in the end, it doesn't really matter who is right. What matters is who can deliver the most compelling value to IT organizations married to the Microsoft Office suite.