For editing Word docs I have QuickEdit (formerly OfficeČ HD) on my iPad. I don't use it very often, though, since for reading you don't really need any special apps and I try to avoid littering the world with even more new Word docs (can you guess that I'm no fan of Word?).
For note taking the cross-platform Evernote is a much better choice, for example. It is the right tool for the job and keeps my notes in sync between iPhone, iPad, Mac, and PC.
Cheers
Steffen.
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