hrm, I did a bit more research on it and found the following:
Often the reaction is written as:
ATP
ADP + Pi
This gives the impression that only bond breaking is occuring. In reality the reaction is this:
ATP + HOH
ADP + Pi.
You break:
P-O (in ATP) and O-H (water)
and form:
P-O (in Pi) and O-H (ADP).
because the bonds you form are slighly stronger than the bonds you break, the overall reaction is exothermic.
Apparently, the difference in strength is not all that great (~ 30kj/mol) and as such it is stupid to call them "high energy bonds"
Is everything I found true?