Clever and good timing by Microsoft, and think it will go through.
Agree Google need competition, though would be sad to see yahoo go, especially to Microturd - it turns 3 into 2 which isn't good in the long term as you loose some of the competitive edge and innovation
I actually think companies like Baidu and Yandex are going to be the real competitors in this space going forward. For innovation I expect it partly to come from the big players but also much smaller companies (although they're likely to be bought out pretty quick like just happened with Fast Search & Transfer, a Norwegian niche search technology company that was also bought by Microsoft a few weeks ago).
In China and Russia Google is not anywhere near dominating the market (think they're actually losing market share).
What we really need is for Apple to launch a search engine LOL
I guess we have to wait and see how it will shape?
Some times, I wonder ....