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Those not needing a full office suite like the previous app may find the free Google Docs to be just enough. It has a word processor, spreadsheet, and presentation app. It works with the Google Drive cloud storage.
Note: Google Docs is now integrated into the Google Drive app.
This app makes working with the Google + social network a thing of beauty. It is so good I find myself using the network far more on the Nexus 7 than I do on any other device.
This app has been a standard on mobile devices for quite some time and the current version on the Nexus 7 is quite nice.
It is a news magazine that presents the user's preferred sources in an attractive layout.