Hi Harris -
With 2008 you have few options since the toolbars are a part of the document
window:
1- Re the Dock - by all means. Useful as it is, don't allow it to eat up any
more screen space than absolutely necessary. I've set mine to disappear
until I go fishing for it at the bottom of the screen. It can also be moved
to either side (horizontal) to free up vertical space.
2- Use the program's Preferences to collapse the new Gallery. Buttons will
still occupy some of the space - you can't get rid of them - but it will
free up several lines of space.
3- Look into creating a custom toolbar with just the tools you need - *that*
one you'll be able to float and/or dock vertically. Then (I think) you can
still turn off [at least one of] the built-in toolbars.
4- Make use of the Formatting Palette/Toolbox - position it to the left or
right of the doc window.