In Word 2008, you have at least three different ways of viewing the same information (the style[s] of the current selection), i.e. a palette, a toolbar control, and a dialog box, and none of them is able to provide any useful information. In addition, each of them provides a difference piece of false information!
In Pages, you only have one way of viewing the information, i.e. the styles drawer, and it gives you all the information that it can give you, by highlighting all the styles that are currently in use somewhere inside the selected text.