One of the projects that I'm working on is taking the content of the S&W Word Doc and putting it into a single column layout to make it easier to use when printed as a booklet.
I'm not modifying any of the rules in-place. Instead, the house rules are placed beside them. This way the players can see the how, where, and why of the changes. And if they so choose they can take the document and play the original game.
In order to proceed much farther I've got to decide where to break the document up for the physical "books" because it's getting a bit thick for a single booklet. I'm thinking booklet 1 will be everything necessary for character creation and playing the game sans spells. Booklet 2 will be the spell listings for both clerics and magic-users. Booklet 3 will be the rest of everything else for use primarily by the GM.