I am a PhD candidate at the University of New South Wales. I love LaTeX because it makes my documents look fantastic and I can do all sorts of presentation and data-integration tricks that Word or OO users wouldn't be able to do in a million years, in particular, integrating R with LaTeX is a great combination.
I encourage my colleagues to use LaTeX, but not many people are willing to go through the (quick) learning curve despite recognizing and commenting on the obvious presentation differences...