MacWhispers gives a name to a rumor that's been going around that Apple will compete head to head against Microsoft Word. Besides the application's name "Document", the only other info seems to be that it will support a wide variety of input/output formats.
Reliability is in question...
It should be noted that this report is less solidly grounded than most items published on MacWhispers; however, the specificity of many of the details provided by one source, and the flat claim of their knowing the actual product name "Document" swayed us to run this item. Only time (or an immediate message from Apple Legal) will determine the degree of accuracy of this information.
Note, Apple doesn't (and probably can't) send out C&D's for rumors alone... photos etc... are another matter.
Mac OS X Rumors is probably the first site which started talking about rumors about an Apple Office Suite.