Is Office alternative WinLibre any good?

I stumbled upon this software when looking for video editors.

I haven’t downloaded or tested this (151 meg).
There is only 1 revu.

For all those whining about high MS ofc prices, is this a reasonable alternative?
I’m going to just sit back and listen.

This is what download.com shows for Winlibre:

WinLibre is a Free/Open Source software distribution for Windows. It includes Office (Word processor, Spreadsheet, Drawing, Presentation, PDF); Internet (FireFox, email client, FTP, HTML composer, Instant messaging); Multimedia (Audio MP3, OGG; Video: AVI, MPEG, DIVX). It also comes with Create (2D/3D,vector drawing, Audio editor) and Tools (Zip/UnZip, Remote PC control, Antivirus). Version 0.3.1 may include unspecified updates, enhancements, and bug fixes