"In a sense we're doing a 'mea culpa' in saying we've waited too long for a new browser release," Gates said during his talk to kick off Microsoft's first show for designers and developers of high-impact Web sites. "We are very immersed in the browser as a platform." (Microsoft Admits Internet Explorer Mistakes - Yahoo! News)

This has been painfully obvious to everyone familiar with browser issues, but it's nice to see that Microsoft is owning up to the fact that stopping development on an app as crucial as a web browser might be a bad idea.