This problem might happen with any MS Office file.
Some of the Mac users noticed that many of my Excel documents were not indexed as part of the Spotlight database; Spotlight search results for obviously-known content was coming up empty.
The reason for this invisibility was that I still had Microsoft Office 2004 installed (some of the users keep this for macro compatibility), and when this happens, the old PowerPC version of Microsoft Office.mdimporter still sits in your ~/Library/Spotlight folder.
Many mdworker console messages were indicating that only a PowerPC importer plug-in was found, thus many Office documents weren't getting indexed.
The solution to this is to trash the PowerPC version of this file, and trash the /.Spotlight-V100 file, which forced a total re-indexing. The system then used the Intel version of the Spotlight importer, and all my Office documents are once again indexed.
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