Yes, it is included. See
this review. OpenOfice is a great application. It also comes in a Windows version. I just used it to make a PowerPoint presentation (in Fedora, of course) that I have to give next week.
I also easily updated some graphics for another presentation that is given to new staff. It was easier to do this in OpenOffice (OO) than Powerpoint at work. All done in OO off of scanned hard copies of forms imported into the presentation...and using an HP multifunction printer/scanner and fax to scan the documents.
BTW, I have to ask. Is your username reflective of your profession? If so, you are in good company.
[Edited by danleff on 2006-08-07 11:19:34]