Internet Explorer 7 is coming

Internet Explorer 7 has been announced to beta in the summer, for Windows XP Service Pack 2 only. The feeling is that this is just a marketing exercise to that will roll up the security fixes and attempt to portray IE7 as a secure browser which can compete with Firefox at that level:

Internet Explorer 7.0, designed to add new levels of security to Windows XP SP2 while maintaining the level of extensibility and compatibility that customers have come to expect.

Alas, it seems unlikely there will be any changes to the rendering engine or improved standards support.