The IE team has finally decided to let out some more details on their standards plans.
Among the list of issues already dealt with on internal builds:
Peekaboo bug
Guillotine bug
Duplicate Character bug
Border Chaos
No Scroll bug
3 Pixel Text Jog
Magic Creeping Text bug
Bottom Margin bug on Hover
Losing the ability to highlight text under the top border
IE/Win Line-height bug
Double Float Margin Bug
Quirky Percentages in IE
Duplicate indent
Moving viewport scrollbar outside HTML borders
1 px border style
Disappearing List-background
Fix width:auto
Other items they’re supporting:
HTML 4.01 ABBR tag
Improved (though not yet perfect)
They now have complete CSS1 support, and are working their way towards support that’s “just as good as FireFox”.
Catching up? You betcha. But, these are moves in the right direction, and the team doesn’t plan to rest on it’s laurels following the release of IE7. Expect an update to the rendering engine in the 6 months following which will likely push other browsers to catch up.

July 30th, 2005 at 6:16 pm
Web designers around the world will look forward to the day when they only have to support IE 7+
Good work IE team, we really know you’re listening now. Keep it up!
July 30th, 2005 at 9:07 pm
“In that vein, I’ve seen a lot of comments asking if we will pass the Acid2 browser test published by the Web Standards Project when IE7 ships. I’ll go ahead and relieve the suspense by saying we will not pass this test when IE7 ships.”
I’m not sure if the BOX hacks that I need to do for IE will still be required…
I only bother supporting Firefox lately…
July 31st, 2005 at 10:36 pm
Contrary to my better judgement which supports a more “wait-and-see” approach, I just let out a whoop when I read that PNG 24-bit alpha transparency is supported now AND :hover on all elements…
Niiiiice..
But we’ll see.