New Search Engine from Microsoft

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Bing (formerly Live Search, Windows Live Search and MSN Search), codenamed Kumo, is Microsoft's web search engine, designed to compete with the industry leaders Google and Yahoo!. Unveiled by Microsoft CEO Steve Ballmer on May 28, 2009 at the All Things D conference in San Diego, Bing is a replacement for Live Search

Bing
Pros
Image search has unlimited scrolling, no pager.
Image search allows for changing thumbnail size.
Bing detects your location and offers search within that area
Subcategories appear on relevant keywords
Visually interesting home page
Better typography than Google
Video preview on thumbnails on hover
Cashback when shopping through Bing
Cons
Same results as on Live.com (no new engine)
Subcategories are not available worldwide, just US
Visually cluttered home page
Video, Maps and other searches not available worldwide
Video Search doesn't work properly on Macs