My opinion aside, here's a summary of sites providing more information on arguments both for and against the site. Please feel free to add any more links.
FOR OOXML
Emmanuel's Blog
The real politik of ODF standardisation
Brian Jones' Blog
AGAINST OOXML
Mark Shuttleworth's Blog
http://www.dwheeler.com/essays
http://fsfeurope.org/documents
http://stephesblog.blogs.com/my_weblog/2007/02/microsoft_whini.html
http://www.noooxml.org/
Claims to be neutral about OOXML
http://blogs.forrester.com/information_management/2007/08/can-anyone-be-o.html (Has additional links)
More info on Office Open XML
Office Open XML final draft
More info on ODF
http://opendocumentfellowship.org/applications
More on ISO Standardization
http://en.wikipedia.org/wiki
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http://en.wikipedia.org/wiki/Office_Open_XML
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