Personally, I don't think Google needs to be too concerned just yet but I'm sure Microsoft will be throwing shed-loads of money at the project so it could go stratospheric quite quickly.
All I know is, at the moment, it likes my site http://www.marketingcontent.co.uk a lot less than Google does. The site regularly appears on the first page with the big G but not for Bing .... yet.
I am not too concerned about this as Google is, and let's be honest probably always will be, the world's Search Engine of choice. I do wonder, however, if the methods that we would consider to be traditional SEO might be affected by this new search engine in the future.
For the time being I, for one, will still be concentrating on keeping Google happy but I wonder if anyone (other than Microsoft employees) has a different opinion?
By the way, Microsoft employees are welcome to reply but I'm guessing you might be a bit biased towards your product, with good reason.
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