IFERROR is one of the few improvements between 2003 and 2007 IMHO.
Let's say we have a formula that returns an error and one of the most common
methods to deal with this is
=IF(ISERROR(formula),0,formula)
remember that the word formula here can be the equivalent of a gigantic
formula thus making the above example a monstrosity, first the IF, then
ISERROR, then the long formula, then what we want if it's an error and
finally the same long formula again.
Using IFERROR it will look like
=IFERROR(formula,0)
so we save the IF and 1 formula string plus 2 function calls which is
actually very good.
--
Regards,
Peo Sjoblom