it's more of an organizer than a word processor. it's not that great as a word processor.
if you want to use it to "build" your story that would be where the time lines and links and pictures and dossiers come in. you can make character and place profiles and mind maps...
the list of things you can have/do From the LSB website:
[SUP]Dossiers
Create Dossiers for major characters and settings.
Timelines
Plot your novel by organizing cards along colored timelines.
Storyboards
Combine images and text to create a visual reference board.
Journals
Create a writing journal, or even fictional journals for each one of your characters.
Outlines
Create a collapsible tree of plot ideas.
Mindmaps
Link ideas together using lines and text.
Image Galleries
Organize your reference images into galleries.
Builders
Organize complex scenes using titles, descriptions, and color indexing.
Position Memory
Liquid Story Binder XE remembers just where you left off.
Manuscript Building
Combine multiple chapters into a single manuscript automatically.
Printing
Preserve your font and paragraph editing with Format Printing.
Workspaces
Preserve your favorite window layouts for quick access.
Project Goals
Words per day, words left to write, days remaining, multi-document word counts.
Color Schemes
Create the perfect writing environment with your favorite window colors.
Recordings
Record yourself reading your own novel. Test for pacing and time.
File Listings
Organize all your files into easy-access file trees.
Backups
Every Chapter has its own backup repository. Never lose a single word with automatic version and session backups. Compress your whole archive into a single ZIP file.
Shortcuts
Quickly access your favorite external software and documents.
Statistics
Times, Word Counts, Goals, Sessions, Versions, Days.
Reader
Read over your work in a easy to view columned window, free of editing distractions.
Music Playlists
Add your MP3s and sort them into playlists. Set the mood for writing.
External Editing
Open your work outside of Liquid Story Binder. [/SUP]
Em, wow.
Unfortunately by the time i learned all that i'd have a novel written.
150,000 using ms word - course it's a mess, so maybe...