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Microsoft Corporation last night (Wednesday) unwrapped another beta version (IE8 Beta 2) for more testing its also available for all consumers, this is the corporation now unveiling new privacy and security features as the company battles the upstage Firefox’s browser.

The new browser IE8 includes a browsing tool called an accelerator, which allows you to highlight text on a Web site and then choose from a variety of functions, including different search engines, language translation or map displays.

Now for a spot of technical stuff for the Internet Explorer fans:

Microsoft Corporation now commands 73% of the internet browser market, while Mozilla’s Firefox has 19% market share, this is according to research firm Net Applications.

Microsoft’s lead has fallen in recent years.

Just four years ago, Microsoft’s market share was more than 91%. In addition to Firefox, Apple Inc. is becoming more of a competitor as strong sales of Macintosh computers have boosted use of its Safari browser, which has about 6% of the market.

Use of Firefox shot up in June when a new version was released.

More than eight million people downloaded the application in the first 24 hours after it went public.

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Well only a few months ago Mozilla - creators of Firefox the rival of Microsoft’s Internet Explorer was released to the public after several beta releases.

Now Microsoft launch their little beauty, which boasts a InPrivate mode, the patent for the InPrivate name has been filed in the U.S by the corporation.

The most intriguing tool, and the one that has prompted the “porn mode” label, was dubbed “InPrivate Browsing” by Microsoft.

When enabled, IE8 will not save browsing and searching history, cookies, form data and passwords; it also will automatically clear the browser cache at the end of the session.

Other new tools will include “InPrivate Blocking” and “InPrivate Subscription,” which notifies users of third-party content that can track browsing history and subscribe to lists of sites to block, respectively.

Microsoft will also tweak its existing “Delete Browsing History” by adding an option to preserve bookmarked sites’ cookies even when all others are erased.

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