Use a physical CD/DVD drive with your Office 2007 CD/DVD or mount via cdemu (cdemu load 0 en_microsoft_office_2007_enterprise_dvd.iso)
Use the premade script from PlayOnLinux for installing Microsoft Office 2007
Additional Information:
Office runs nativly as own windows on your ODROID. There is no need for a virtual desktop or installing dsound. Just use the PlayOnLinux installer as is.
Should run in any Desktop resolution, even 1080p is fine.