I have been playing around with options for creating SCORM content for the SharePoint End User Training Kit.
You can see my Test category on http://www.wssdemo.com/training
This module was created with eXe, an open source solution developed in New Zealand. It works but doesn't use the tools I prefer ;-)
I have just found Learning Essentials for Microsoft Office which is a desktop application that runs on top of Microsoft Office to give students and teachers a custom Office environment to easily create effective instructional resources, complete administrative tasks, and implement new teaching strategies and with the Content Development Kit, you can create even more templates and tools to use with Learning Essentials.
Just kicking off the download before heading off to sleep... Will see how useful it is tomorrow.