Do NOT get it, unless you don't want to share anything with anybody and will never need really attractive documents.
There are many downsides to MS Works. It is above all cheap, but it lacks the funcionality of MS Office. The most important downside is compatability.
Aside from organisztional issues, one of the great boons of computers is connectivity and communication. You cannot communicate with a great deal of the world with MS works, at least not without causing them some annoyance.
MS Works documents need to be converted into absolutely anything else and do not alway convert true to format. Those receiving the documents need to download or install converters for them from disk or web site and have to set the format to open automatically in word. Or you can save the document in word or rich text (with the "save as" feature), but the format will not be quite right.
I say this as a recruiter who receives all kinds of documents (resumes), many of which produced in some dingbat b league program which only a few initiates can open.
With all due disrespect for Microsoft, there is a reason that MS Office with Word and Excel are the lingua franca of administrative computing and authoring. If the latest Office is too expensive, go on line and get a previous version for less. You can get word alone for about $50. I found either office or word for $15 here:
97 would be cheaper, but in all truth 2k is more stable and offers a lot of actually useful tools.
As a better alternative to works you might try the Word Perfect suite. Comes with some of the same communication issues as works, but it is a very sophisticated program. Google prices.