Microsoft has released their second beta of Internet Explorer 8 and is available for public download here. IE8 has lots of improvements to tab functionality. Tabs are grouped and colored differently based on the groups. IE8 also includes smart address bar, similar to Firefox 3.0. Typing in the Smart Address Bar searches across Favorites, History, and RSS feeds.
IE8 also has Accelerator, which gives you ready access to the online services you use everyday like map of an address or business etc. IE8 is also supposed to offer a better performance compared to IE7. IE8′s offers visual search which gives you more information and pictures when you type in a search query.

Picture source: Microsoft.