I searched for my name on Live.com and it actually did find more search results of my own. So, I dunno, maybe they did develop something better, only time will tell.
I also like the search within this site feature.
Google has its good points and so does Microsoft. Why can't they work together!!!
I hope microsoft improves soon...
example: I wanted to find the website for the news show World News Now. I thought, ok, lets try microsoft's new search engine. i went to live.com and put it in. While the web 2.0 feel is very nice and cool features, the actual search results sucked. the webpage for the show was nowhere to be found. I then went to google, put in the same search string (without quotes mind you ... world news now) and behold, it was the first hit that came up on the search results page!!! Google 1, Microsoft 0
Oh, so i went back to live.com and put the search in quotes and it gave me the right search results. but i shouldn't have to put the thing in quotes...
microsoft needs to get it together...

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic