I think it's more telling than anything else. Apple wants to use their unique hardware/software advantage to make iLife a ubiquitous norm in the home, just as Microsoft Office is in business.
Usually in marketing, you don't want to give free "mindshare" to you competitor. However, Word clearly isn't a competitor to iLife. It is to Appleworks, true, but Apple has historically never cared about marketing Appleworks.
I do think it works in its ambitguity, if only as a topic of discussion, but I do think they could have used a more straightfoward line.
Not saying that it doesn't happen, however... in nearly three years designing on multiple Macs running OS X, I've never experienced the "Pink Floyd" Photoshop bug Jeffrey references. And in my experience with the Finder (which is by no means perfect), I've never considered it "buggy."
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