Max Stevens from the IE development team shows of some of the new features of Internet Explorer 7. He published some screenshots of the main browsing user interface, the new search capabilities, the favourites center, quick tabs, the tab improvements and zoom.
The forward and backward buttons are now visually grouped with updated colours to increase contrast and pop out a little better. We heard the feedback on the stop button - the stop button is now back! The refresh and go buttons have been combined and is now grouped with the stop button to the right of the address bar.
Favourites have been moved to the left hand side under the forward back buttons, with "Add new favourite" now easily accessible from the main frame.
You can take a look at these improvements over here.