Well at last the wait is over! and the eagerly awaited first public build of the latest Internet Explorer 8.0 is available for download on Microsoft servers.
Some of the key features in this beta of Internet Explorer 8.0 are mentioned below:
1. Activities
Activities are contextual services to quickly access a service from any webpage. Users typically copy and paste from one webpage to another. Internet Explorer 8 Activities make this common pattern easier to do.
2. WebSlices
WebSlices is a new feature for websites to connect to their users by subscribing to content directly within a webpage. WebSlices behave just like feeds where clients can subscribe to get updates and notify the user of changes.
3. Favorites Bar
In Internet Explorer 7, the Links bar provided users with one-click access to their favorite sites. The Links bar has undergone a complete makeover for Internet Explorer 8. It has been renamed the Favorites bar to enable users to associate this bar as a place to put and easily access all their favorite web content such as links, feeds, WebSlices and even Word, Excel and PowerPoint documents.
4. Automatic Crash Recovery
Automatic Crash Recovery (ACR) is a feature of Windows®Internet Explorer® 8 that can help to prevent the loss of work and productivity in the unlikely event of the browser crashing or hanging. The ACR feature takes advantage of the Loosely-Coupled Internet Explorer feature to provide new crash recovery capabilities, such as tab recovery, which will minimize interruptions to users’ browsing sessions.
5. Improved Phishing Filter
Internet Explorer 7 introduced the Phishing Filter, a feature which helps warn users when they visit a Phishing site. Phishing sites spoof a trusted legitimate site, with the goal of stealing the user’s personal or financial information. For Internet Explorer 8, we are building on the success of the Phishing Filter with a more comprehensive feature called the “Safety Filter.”

I have also downloaded it now and will give it a test-drive tomorrow. You can download Internet Explorer 8.0 Beta 1 for supported platforms here.
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