TUAW posted a news story that Microsoft has released the 12.2.7 update of their Office 2008 suite

With about two weeks to go until Office 2011 ships, Microsoft is making sure that Office 2008 is safe and sound with a security and stability update. The 12.2.7 update can be downloaded and installed by running Check for Updates from the Help menu in any of the Office 2008 apps, or letting Microsoft AutoUpdate do its job.

  Office 2008 users: 12.2.7 update is available