The Mac 512

Yes, with the Keynote $10 app that is available through the App Store on April 3rd, 2010 will allow you to open and edit Microsoft PowerPoint documents. What is sketchy until the launch date is if you can save as a Microsoft PowerPoint format. You cannot email an PowerPoint document, only Keynote or PDF format.

3rd party Microsoft Office compatible apps on the App Store may work. Many of them are available too for a range of costs.

Source: http://www.apple.com/ipad/features/keynote.html

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