Office 365 advice needed please
I currently have office 2007 student edition installed on 3 PCs. This includes Excel, Word, Powerpoint but no outlook. So last year I bought Outlook 2010 and was told I could use this to install on 2 PCs which I have done. However next month I plan on building two new PCs (and ditch the old ones) and from what I understand Microsoft will expect me to buy new licenses for my Office products. As far as I know you can't transfer them by deactivating one license then transferring to another PC?
I'm not overly clued up with Office products but read about office 365 and that it includes 5 licenses. You pay a certain amount every year...about £100. You can transfer licenses between PCs but have to wait 90 days to do it.
Does anyone know if Office 365 maybe the way forward for someone like me who has 3 PCs? rather than buying individual licenses to cover them? Anyone used Office 365? Will i still be able to install Word, Excel, Outlook onto My PC or is all run in the cloud? if it is run in the cloud then I can't see how this would benefit me as I need it installed on my PC. Reading the MS website gives the impression that any word, excel files i save, will be saved to the cloud(skydrive).
major security issues there imo. I don't want my stuff out there.
I'm not overly clued up with Office products but read about office 365 and that it includes 5 licenses. You pay a certain amount every year...about £100. You can transfer licenses between PCs but have to wait 90 days to do it.
Does anyone know if Office 365 maybe the way forward for someone like me who has 3 PCs? rather than buying individual licenses to cover them? Anyone used Office 365? Will i still be able to install Word, Excel, Outlook onto My PC or is all run in the cloud? if it is run in the cloud then I can't see how this would benefit me as I need it installed on my PC. Reading the MS website gives the impression that any word, excel files i save, will be saved to the cloud(skydrive).

I'm an Xpert at nothing apart from remembering useless information that nobody else cares about.
Comments
That being said, see this page:
Office Frequently Asked Questions
I do use SkyDrive for my documents. I do not have anything sensitive there, so I have no security concerns regarding it. I would not be storing financial spreadsheets there, though. But compositions for blog posts or presentations for work, I don't care. ANd the idea that I can save it on my work PC to the SkyDrive, then just fire up my Surface and it appears in Word's recent documents list on the tablet or PowerPoint or what ever.
Normally I would agree but the last time I spoke to Microsoft regarding Outlook 2010 and licensing for the particular version i bought, I was told 3 different things by 3 different Microsoft staff so I just wanted a 2nd opinion.
That is not uncommon. But that way you would at least have something to point to if the something went wrong.