Apple released Security Update 2012-001 (Snow Leopard) on February 1, which effectively broke older applications that use Rosetta to run on newer Intel hardware. Office 2004 users reported in the Microsoft Answers forums that they could no longer save or print files from Excel or Word after installing this update. The update affected a handful of other Rosetta-dependent applications such as Acrobat 7 and Photoshop CS2 according to Macworld.
Apple released version 1.1 of the update on February 3, which corrects the Rosetta issues. Anyone experiencing problems with the first update should install the newer update to re-enable print and save functionality in his Office 2004 applications.