One of the worst-kept secrets of the computing world is that, after spending billions of dollars and several years winning a virtual monopoly on Web browsers, Microsoft is slowly tossing it away.
There are good reasons for this. The browser is not going to replace the GUI, let alone the operating system. Functions are being standardized. The cost-benefit analysis of holding the monopoly doesn't add up.
None of this is news to most of you. I've had Version 0.9.1 here for months. You probably have, too. It has some nifty features -- it takes your old bookmarks, lets you tab sessions, it looks good.
Version 1.0 has improvements. (It may take you a while go get it -- the site's getting hammered today.) You can now move all your old Explorer data over -- favorites, cookies, the lot. There are extension and theme managers to make it easier to deal with add-ons and plug-ins -- like Real, QuickTime, and Flash.
Someone at ZDNet is no doubt writing a comprehensive review right now.