Didn't see this one coming, but I think it's interesting. It's a $70 annual subscription for Office Home and Student + Windows Live OneCare + Windows Live tools, and can be installed on 3 machines at home.

Microsoft Equipt is $69.99 (U.S.) estimated retail price for a one-year renewable subscription. Each subscription will be good for three home PCs, making Microsoft Equipt ideal for families and individuals with one or several computers.

Microsoft Equipt will be sold in nearly 700 Circuit City stores in the U.S. starting mid-July 2008...

Announced on July 2nd, Microsoft Launches Consumer Subscription Offering That Combines Microsoft Office and Windows Live OneCare.

From an interview with Group Product Manager, Bryson Gordon":

With just a few clicks, [Microsoft Equipt] subscribers will be able install the whole package, which includes Microsoft Office Home and Student 2007, giving them the latest versions of Word, Excel, PowerPoint and OneNote for their personal and school projects; Windows Live OneCare to help keep viruses at bay and their computer fast and healthy; and Windows Live Mail, Messenger and Photo Gallery so they can connect and share with others. [Microsoft Equipt] also installs the Microsoft Office Live Workspace connector on the Microsoft Office toolbar, so users can save documents to their own dedicated online workspace and invite friends and classmates to collaborate and share.