My partner for "Design and Analysis of Algorithms" and I prepared the first assignment for this course in Hebrew LaTeX. She is not a UNIX expert, so I sat at the computer and handled the he2 editor, CVS and LaTeX itself. This is the third major work I prepared using Hebrew LaTeX after the appeal to my test in "Image Processing and Analysis" and the first assignment in "Digital Communications".
Two things hampered us: the fact that I had to look up all the relevant macros on the web, and some obscure mistakes that caused the interpreter to yell at us without me knowing what they are exactly. But it is still better than Word.
I rememember that when I prepared the Digi-Com homework, it took me an awfully long time because there were many Mathematical formulae. In Word, the situation would have probably been much worse, but it was still a much longer time that writing everything by hand.
In any case Liat (that's the name of my partner) was very impressed by the results, and said it looked very professional. I also prepared some diagrams of graphs to accompany it using Sketch and then converted them to EPS for inclusion into LaTeX.
Eran and I, OTOH, prepared the Lab Experiments reports in Word (except for the Wavelets one last semester). Since they are not too long and because we use few formatting styles, Word is actually quite bearable. In Word, one has to remember a lot of keyboard shortcuts in order to write equations quickly enough. So, whether macros or keyboard shortcuts, one has to remember something when you are a technical person and would like to create equations.
I still find LaTeX more flexible because there are obviously more Mathematical styles than available keyboard shortcuts, and in Word one tends to abundantly copy and paste things, while in LaTeX it is possible to write a macro to encapsulate them. Also, writing "$ ... $" is quicker than invoking the Equation editor for an inline equation.