Something in OS X 10.7+ and MS Office 2008 for Mac has made the entire Office suite, apparently, stop respecting symlinks.
I know that Windows took until well into the 21st century to really deal with symlinks even halfway, but come on. It worked before. There are some directories into which I routinely save document files which are literally not reachable by click navigtation any other way but through symlinks.
If you click on the symlink in the “Save” dialog, it will change the name of the file you’re saving to the name of the symlink and generally fail all over itself.