Spreadsheet
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A few groups are working on spreadsheet activities for the XO. Dan Bricklin and Luke Closs are working on SocialCalc, one of the more active initiatives, which has a full javascript featureset and is pushing the envelope re: what js programs can do within Sugar.
See SocialCalc for the full activity description.
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However, you can easily install "Gnumeric" which is an open source version of Excel. Enter Terminal activity. Type "su" and <enter> Type "yum install gnumeric" Follow the prompts.
When it finishes, just type "gnumeric" from the command prompt and it you then have a fully featured spreadsheet program! (As a note, I'm using build 766 (I think), I've also installed "debian as an upgrade" as an alternate boot with XFCE).