There is similar modern software as well.. no need to revert to an unmaintained program just to get something that may be a little faster than a full office suite.
No one is saying that you should. But very few word processors today are anything close to as fast. Maybe abiword. Certainly not google docs or Microsoft word.
I haven’t used it, but unless it’s macro language is about as powerful as excel’s, and unless it has no detectable latency at all, it isn’t as good in that department at least.