Latex is definitely for power users. Authors those want to have nice documents and can handle the complexity of creating latex documents. On the other hand word is for users who don’t want to handle the complexity, or willing to spend less time with a moderate looking document.
Current trend in development in this area is interesting. LyX, a tool for latex document processing is trying to mimic WYSIWYG type behavior but at the end produces nice looking portable document. On the other hand, Microsoft Word is trying to add the support for complex features like cross-referencing, citation etc.
This reminds me about Xena. Usually heroes are rough and tough as well as powerful. Whereas, the female counter part of heroes are soft, beautiful, and smell nice. Xena was the hybrid who had the beauty of a female and power of a male. LyX and Microsoft Word 2007 reminds me of Xena every now and then.