It's nothing more than an integration of the Google Safe Browsing extension... which has been available for months prior to the release of IE7 beta2 preview.
Nice try.
The most reliable phishing shield is one's brain.
Banks talk themselves blue in the face stating categorically that they will never send e-mails asking customers to log in or provide password information and obviously any e-mail from a bank will be personally addressed, not just sent to 'customer' or 'user.' Still, it seems to be a regressive tax on ignorance.
It's always amusing to track down the *real* URL/IP that the phishers are using and find out its location and/or who has registered the domain.
Unfortunately, all the bluster about catching these people seems to be just that. We have nailed precious few spammers and phishers never seem to be prosecuted. Shame.
Gee, and when is IE gonna 'catch up' with Firefox's RSS capabilities?
When will Outlook Express 'catch up' with Thunderbird and offer an Address Book whitelist mail rule right out of the box?
Useless questions, IMO.
At the end of the day, the feature sets of the Microsoft and Mozilla products will NEVER be the same, and which you use -- which is 'best' for you -- will always be based upon your preferences and needs. So don't go trying to start a pissing contest over it.