If you want to open/create powerpoint presentations without paying $$$ for Microsoft, try OpenOffice v.3. I didn't really like OpenOffice before, but version 3 is good enough that I was finally able to uninstall Microsoft office recently.
This program is the best free one I could find, and it really does the trick. lets you save in standard Pdf format, so you can view your annotations, etc later on in acrobat.
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