Word is that Microsoft is preparing to release IE 8 Beta 1 in first half of 2008.
According to the IE blog, IE 8 has been in development for the past year and now renders the Acid2 Face in IE8 standards mode.
This according to Dean Hachamovitch - General Manager - Internet Explorer for Microsoft
There have been many updates to Windows and IE this past year. It appears that Microsoft is doing everything they can to make Internet Explorer the best product it can be.
I am still open to using IE but have also been using Firefox and the latest beta is impressive. We will see how it shakes down and what program becomes the preferred browser. It's also interesting to mention Safari as it is now available in version 3 for Mac and Windows.