Solution #2 is a good idea and would be my preference, but:
- Ubuntu would not do a major version jump (e.g. 3.2 - 3.3), so current Lucid users have to sit with the buggy 3.2. Even 3.2.1 still carries many serious bugs.
- Taking into account that office software is used by many people as their main production software focus should be on stability. The ones who want/need the bleeding edge can use backports or the versions you can download from the openoffice.org / go-oo websites.
Please change your rational to an actual rational. Summarising the first solution is not helpful in determining WHAT your problem is (does it crash, do you not like the new one, etc) and doesn't leave as much room for others to post different solutions.
PLEASE people, the rational is supposed to explain the PROBLEM.