The first public beta of IE7 is out for testing. Am unable to install it on my home computer for piracy reasons :D, but the image below confirms my worst fears (refer this post)
Note the placement of the Forward/Back buttons and the Search bar, en exact replica of how Safari (or for that matter Mozilla or Opera) looks. Note the tabbed window and the Firefox RSS icon.
The glaring point here is the name of the application. Note that its not Microsoft IE anymore, but Windows IE! This clever move lets Microsoft integrate IE into Windows without fear of antitrust lawsuits.
A screenshot of how safari looks. (my bookmarks are blacked out)