I'm completely OK with using the elisis socailly, but I do hope that people writing business, uh, literature can finish their thoughts.

Academically, there is the potential to use an elipsis to signal material is being left out of a quote, but that's it. Oddly, professors expect students to finish their thoughts just like I expect my coworkers to.

There is an amusing difference in how the elipsis is created in Word and how I was taught about it in a CAL Extension editing class. Word shortens the unified punctuation, while I was taught by the editor that an elipsis is period-space-period-space-period-space.