The latest happening is Microsoft's Bing search engine which may pose a tough competition for Google (at least news recently suggests that). And few days back a name that made Google restless was Alpha Wolfram. Otherwise semantic search is the latest thing to watch.
Absolutely that Mandar told lots of things happening in past few weeks. Yahoo and MSN were working together to beat giant search engine Google. Yahoo unveiled its beta Pad and MSN's Bing were popular in now a days....
I am also looking forward to watch new things...... :-)