Can Internet Explorer 9 Put Microsoft in the Browser Lead?

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Microsoft is hard at work on its Internet Explorer 9 browser, following a period in which open source browsers such as Firefox and Chrome have steadily been eating IE’s lunch. Judging from this blog post from Microsoft, there is some serious work going on under the hood of Internet Explorer 9 to make it competitive with other browsers and to reach out to new standards such as HTML 5. Can Internet Explorer seriously challenge the leading open source browsers at this point?

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