ZDNet had a look at IE7 beta 1, here's a short snip:

It's been almost four years since Microsoft refreshed its venerable Internet Explorer browser. But Internet Explorer 7 for XP Beta isn't a Mozilla Firefox killer -- far from it. Microsoft's limited availability for IE 7 should only open the door wider for competing browsers to steal even more market share in the months to come. Given the high expectations, we're unimpressed with the IE 7 for XP Beta.



Link: ZDNET