What exactly are the capabilities you are want here?

Are you trying to create and read pp files? or do you just want a fancy slideshow program with annotation and transition effects?

For the former, I'd say LOL since this thread started out asking if it is even practical to have a word processor on this tiny thing! I'm not saying it will never happen, but I doubt it is high on anyone's prioity.

For the second, this sounds like a couple of great future plugins for Canola!