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Readability statistics in excel

Hi all-
I am using office 2007 and would like to incorporate readability statistics [Flesch-Kincaid – accessible in word as a pop-up window after spell check with the option in proofing checked] individually for EACH cell of an excel file.
My goal is to “go beyond” number of characters in analysis of bulletin board postings; hence the need for an automated solution of some sort.
Any suggestions greatly appreciated.

F-K Statistic

Not familiar with this one. Can you offer a reference?