Microsoft reports over at IE Blog that they have a new project:
Many customers have asked us about having a better way to enter IE bugs. It is asked "Why don't you have Bugzilla like Firefox or other groups do?" We haven't always had a good answer except it is something that the IE team has never done before. After much discussion on the team, we've decided that people are right and that we should have a public way for people to give us feedback or make product suggestions. We wanted to build a system that is searchable and can benefit from the active community that IE has here.
As of today, our new Internet Explorer Feedback site is live. This site uses the Microsoft Connect platform that has been developed for Beta programs within Microsoft. It will probably take some time to work out all of the kinks and to figure out the best way to work with you there but we decided it is better to go live with this now instead of waiting until Beta 2. The intent of this work is to give everyone a better place to give IE7 feedback and to prepare the ground for future versions of IE later.