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Both the Axim and Ipaq have Microsoft Pocket Excel which is part of the OS. I use Pocket Excel to great advantage, but compared to the PC / Office product, a lot of features are missing. Graphics is the big one, but plently of other features are missing, including OLE links, filters, cell merge, advanced formatting ... I basically use it just for data/number viewing. Think of Visicalc or 123 in an Excel-compatible file format.
If you're using 1 MByte files, you might want to find somebody with a PPC and see what happens when you load one of those files on the PPC.
The same advice goes for the Palm.
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The world may not be perfect yet, but the Axim is (almost).
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