The big news event of the day is that there is no big news event. The much anticipated launch of MSN search is not happening as expected. Instead, the preview has been upgraded and moved to http://beta.search.msn.com. Basically, it now has a design behind it, along with the cool slider bars (part of the Search Builder tool) to change your searches. These are definitely fun to play with and only by doing so can you really see the effects it will have on the results. I am not even going to speculate on when it will be launched for real - as I now do not believe the press releases about it. All I can say is - hopefully, soon.
For a detailed breakdown of the new features, check out http://searchenginewatch.com/searchday/article.php/3434261