Looking to get back to flexing its mobile browsing muscle in the esteemed company of heavy-hitting players like Opera, S60, and the iPhone, Microsoft has announced a new version of Internet Explorer Mobile that promises a "desktop-grade" browsing experience on Windows Mobile-powered handsets. Central to the new version's power is its support for the trifecta of H.264 video, Flash (ahh, so that's why they licensed it!), and Microsoft's own Silverlight, giving a significant fraction of media-heavy sites a fighting chance of running normally on the small screen. It'll all be available to Windows Mobile licensees starting in the third quarter of this year, with the first devices expected at retail before the year's out -- just in time to do some serious battle with Firefox.

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