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View Thread: Why can't MS create a new browser based on .Net?
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    IMO, they should.  It could be an OS Codeplex project and go from there.  Not to replace IE as such, but more like a OS research project.  They will need one for Singularity anyway.  They probably have one already in research mode.  You could make one today using the browser control in .Net.  Not sure if the control itself is managed or native.