[THIN] Office and legalities

Can I get some people to weigh in on the following scenario? -

With a published application environment, you can restrict who gets
access to what. If you don't want someone running office on a Citrix
box, then you can prevent them from running Office on a Citrix box. So
let's say I have 5 MS office 2003 licenses. I install it and publish it
for 5 users in the farm. Am I legal within those boundaries from a
Microsoft licensing perspective? Enviroment is Win2003 TS with PS 4.0

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