Remember Office 97 for Windows?
I do. To me, that's what Office 2011 for Mac feels like. This alleged update cannot come soon enough, to be honest. I'll say freely that I actually like MS Office, but the Mac version is a nasty blend of Microsofts new paradigms (the ribbon), Mac design (the menus) and Office 97 (the menubars with icons on them that aren't the ribbon). I am sick and tired of hunting around for where a particular function happens to be located. A new, clean, UI is the very least we should expect from the next update. Some feature parity with Office2013 wouldn't go amiss either.
After all, it takes the shine of my "I've got OS X and you have Windows" taunting when they can just say "Office2013, Visio" back.