A WebmasterWorld thread has new chatter about a possible Microsoft Live Search update that is taking place. The reports are very new, but also extremely significant.

Here are some quotes from some webmasters noticing the changes at Microsoft:

The last time we reported on a Live Search update was back in April 2008, which we believed to be a rollback of the Live Search March update.

This update has major changes as well. Most are happy, at the moment, but it does not mean that the results are more relevant. We will keep watching and let you know about any significant changes.

Yesterday, we reported about a recent Yahoo Search update and the Google July fluctuations continue onwards.

Forum discussion at WebmasterWorld.