"OASIS OpenDocument Format (ODF) is the current ISO standard (IS 26300:2006) for XML-based word processing, spreadsheet and presentation documents. By using an open standard format like ODF, consumers avoid vendor lock-in and are able to have a choice of suppliers. ODF is widely supported by vendors, in both commercially-available and open-source software, and is seeing strong adoption world wide.
In early 2007 the European Computer Manufacturer's Association (Ecma), after a superficial review clothed in secrecy, submitted the Microsoft-authored document format specification, Office Open XML (OOXML), to ISO/IEC JTC1 for approval as an International Standard. This provocative submission occurred only three months after JTC1 published OpenDocument Format (ODF) as a unanimously approved International Standard.
OOXML has been widely criticized as flawed standard, having been designed with only a single vendor's objectives in mind and designed to work fully only with that vendor's products. Also, in its rush to catch up with ODF, OOXML was submitted to JTC1 in an immature state, hastily written and insufficiently reviewed. At the time it was approved by Ecma, there were zero commercially available implementations of OOXML. The only support was in the beta version of Office 2007."
http://www.robweir.com/blog/2008/01/you-are-here.html
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