Most of the hybrids are either more expensive OR doesn't come with W8
Closest would be this one:
11.6"
Acer
P3-131-21292G06, Pentium 2129Y + Intel HD + 60GB SSD + (1366x768 IPS;touch)@RM1799, 2GB, W8
P3-171-3322Y2G06, i3-3322y + Intel HD + 60GB SSD + (1366x768 IPS ; touch)@RM1999, 2GB, W8
P3-171-5333Y2G06, i5-3339Y + Intel HD + 60GB SSD + (1366x768 IPS; touch)@RM2299, 2GB, W8

*Prices in RRP

The Asus T100 is based on Bay Trail. Should be good enough for your usage.

Bay Trail is very new, iinm, no other model in Malaysia spec with this CPU 

The P3 is a hybrid, i.e. work as a tablet, then dock with keyboard.
Pentium 2129Y is still more powerful than Bay Trail But the Bay Trail will give longer battery runtime (assume similar battery capacity).

W700? EOL already  P3 actually was the cheapo replacement for W700 (which has nicer screen and better build ...  ).

Yup, P3 don't have microSD slot. So you need to connect to external storage via USB 3 port.

Depends on your usage. If you open 1 application at a time, don't do anything too heavy (just MS Word, browse internet, ... ), then Bay Trail is sufficient.
You said only word processing for academic usage, I take it your academic pursuit does not involve any software that need to manipulate large pool of data, or mulit-media, ...?
T100 also come with MS Office, iinm. So you may save some money there as well.

If you prefer more traditional form factor, then can consider:

Acer
V5-131-10074G50, 1007U + Intel HD@RM1149, 4GB, 500GB, W8SL
Asus
X201E-KX178D/9D , Intel 1007U + Intel HD@RM999, 2GB, 500GB, FreeDOS, 1 year
Dell
Inspiron 11, Celeron 2955U + Intel HD + (1366x768;touch)@RM1299, 2GB, 500GB(5400rpm), W8

If you are not in a hurry to buy, wait a bit.
Other brands is bound to release Bay Trail spec machine as well soon (e.g. Dell Venue ... )

You may also want to think if you need stylus or not 
For example: (don't buy this now)
ATIV Smart, Z2760 + Intel GMA + (1366x768; touch) + 64GB SSD@RM2499[774g w/o keyboard], 2GB, stylus, W8
This was released 6 months ( ) ago, look at that price
T100 has better CPU and IGPU than this, just smaller SSD.
What I want to point out is the nice stylus it come with, which enhance its usability quite a bit. No harm going out there and play with the demo.

As long as tablet is running W8 or W8.1 (not W8RT or W8.1RT), then it can run normal legacy window desktop applications.

Install software onto microSD or external HDD can be done (under W8 or W8.1), but you sacrifice in term of access speed and convenience.

Printer driver can be installed on device that run W8 or W8.1.
Through USB port - need to make sure the tablet has USB port or microUSB (you need the appropriate cable).
Network printer (either the printer has LAN or wireless LAN, or connect through USB or other port to a cheap print server (you do know that some wireless router can also serve as wireless print server? )) - personally I think this is easiest. As long as the tablet is connected to network (wireless LAN), install the driver and do the configuration, and you can print from anywhere (my setup at home).