Microsoft to divide separate teams for IE and Spartan Browser
Microsoft is splitting the development of Internet Explorer into two groups.
  • Group one will be dealing with the current internet explorer as is, upgrading it in a similar fashion to how they are now.
  • Group two will be working on a project named 'Spartan', which is there attempt at cutting out all of the legacy code and crap, while making it a faster, better user experience.
Again, Internet Explorer isn't being killed of, they will just have a 'better' browser experiment. Frankly I'm really hopeful for Spartan. Chrome used to be the lightweight and fast browser but it's turned into a memory whoring clunky program. 

With Microsoft's recent strides to being service oriented and user friendly, I have full faith in them.