I find this post on the IE blog to be encouraging - contrast what they said about CSS here:

We fully recognize that IE is behind the game today in CSS support. We’ve dug through the Acid 2 Test and analyzed IE’s problems with the test in some great detail, and we’ve made sure the bugs and features are on our list - however, there are some fairly large and difficult features to implement, and they will not all sort to the top of the stack in IE7. I believe we are doing a much better service to web developers out there in IE7 by fixing our known bang-your-head-on-the-desk bugs and usability problems first, and prioritizing the most commonly-requested features based on all the feedback we've had.

with Joshua Allen's "up level experience" post. Night and day.