Can you save and read adobe pdf documents on the ipod touch? Word documents, etc?

Is it possible to transfer over adobe pdf documents from a pc and save and read them on an ipod touch?
Also, is it possible to read MSWord documents and the like? Is there a way to type up something similar to a word document on the iPod Touch and save it to later transfer it to a pc AND read it on the pc?

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adobe, adobe pdf documents, document, iPod, ipod touch, MSWord, msword documents, pdf, something, touch, type, way, word, word document, word documents

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