I have MS Office 4.0 installed on my 386DX-40 with 4 MB of RAM and 210 MB HDD, running Windows 3.1, and it is good. Most of the common features are there, it's a perfectly working office setup. The major thing missing is font anti-aliasing. Office 95 and 97 are absolutely awesome.

Totally agree! I‘d pay definitely $300 (lifetime license) for a productivity suite like Windows 95 design and Office 95 with no bloatware and ads. Just pure speed and productivity.