Really? I urge you to try again. The majority of what people will use in a word processor is there. Why do you think google docs has caught on? Because your average office person doesn't need too many bells and whistles. In any case, even I am hard pressed to find things that libreoffice doesn't do these days.

1) So what? They're going to be blown away by Google Docs. Or tablets. Or wikis. Or whatever. But it's going to happen. It does not matter.

2) Why is that bad in the context of school?