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I found that only service packs were included in all the office product. Will the software also include Office security updates?

wsusou includes Office security updates. The problem is, that Microsofts catlog wsusscn2.cab does not differ between the different Office versions. In wsusscn2.cab all Office versions are listed as "ofc"; since wsusou uses this file to determine the URLs, all Office updates (2003 - 2010) will be downloaded to .\client\ofc.