Hi Vaaska
It'll probably do a bunch of stuff that Firefox does, e.g. tabbed browser windows. It'll have an improved pop-up killer and an improved system for switching JavaScript and DirectX on and off as you please.
It will include the Firefox facility for altering the skins via CSS, but using a GUI for people who don't know what CSS is, far less can write it.
It will include an option to activate mouse gestures, which will work in all sorts of unexpected ways.
It will include an FTP client with functions and buttons translated into idiot-proof language, e.g. 'picture file transfer' instead of 'binary transfer'.
It will include a very basic WHYSIWYG HTML editor and will include a simple XSLT/CSS facility for viewing XML in HTML.
It won't include JavaVM, Flash or Macromedia Player because MS will have managed to fall out with these companies once again. You'll have to downlaod and install them all yourself.
It will include a 'you get it whether you want it or not' MSN search toolbar in an attempt to discourage use of the Google toolbar.
It will include a one-click 'remove traces' facility so that you can delete cookies, temp files and history files in one fell swoop. It will remain silent about the existence of the unerasable index.dat file.
It will include a point n click bookmarklets facility for those who don't really know what bookmarklets are.
It will require about 3-4 serious security update patches in seperate downloads of 20 MB and more within 2 weeks of being released.
I think that's enough predictions for today.
Norm