Those who want full fat Windows on a tablet won't be interested in an ARM based tablet or Office for tablets. They'll be getting Windows 8 on Intel based tablets with Desktop Office.
In reality, I don't see what you envision happening. The majority of Office purchases will still be the Intel Desktop version. A tablet version for Windows 8 is likely to only be for the ARM version which will A: Won't be selling in anywhere near the numbers Office Desktop will be or B: Will only compete against the Desktop ARM version.
Which brings me to the point, can you see Microsoft releasing a tablet version of Office running on Metro and also one running on the Desktop? If they do, it'll be the same purchase (so not competing with itself anyway). We know a full fat ARM version is coming, so I'd expect at most you'll get both when you purchase it (cut down when you're using the Metro UI, full fat on the Desktop). With the Intel version only being Desktop, as it's always been.
It makes sense to release an iPad version, not to make any money to keep Microsoft Office still relevant (which it very much is). The numbers will be so small compared to the sales of Desktop Office on the Intel platform, I doubt Microsoft are concerned.
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