Some of the font problems arise because Microsoft uses many non-standard fonts. This has been their history because it has allowed them to dictate the market. (They've sometimes failed with this strategy, e.g. HD-DVD.) Pages does not fully implement some of the formatting that Word has and if a Word document has some of those they will cause problems when opened within Pages.
However, if one makes a Pages document de novo, it can be easier to do than in Word. One thing I hate about Word is that you cannot easily place images (as you have noted earlier in this thread). In Pages, it's pretty easy to put them where you want them once you unlock the image. I'm opposite of you - I used Word since 1993 until 2008. When iWork 09 was released I switched to it and use it exclusively (except when dealing with shared documents with some of my Windows friends).