Will Office 2003 work on Windows 7

Hello there – I work for a company that has decided to bypass Vista in large scale production. This of course leaves us waiting for Windows 7 as the next platform beyond XP. Based on this, we haven’t heard any information on whether or not Windows 7 will support Office 2003 and Office 2007. I know MS is pushing compatibility as a W7 strength. Does anyone have any information on this one?

Thanks