Will Office 2011 (14.4.8) Now Run on Yosemite without Outlook Issues?

I've read all the posts about running Office 2011 for Mac on Yosemite, but most are several months old and the latest version noted is 14.4.7.  My Office is 14.4.8.  I want to upgrade to Yosemite, but rely heavily on Outlook for mail and business operations.  I can't risk any issues with this.  Does anyone know if the latest update to 14.4.8 has resolved the issues previously noted by updating the OS?  

Also, I'm still running OS 10.6.8 (I know, pathetic, but too much software to be concerned about going wrong by updating), so my update will skip Mavericks and go right to Yosemite.  Will this pose any significant problems?

Thanks!