http://www.thearchitect.co.uk/weblog/archives/2008/07/000500.html

Microsoft Photo Info is a new software add-in for Microsoft Windows that allows photographers to add, change and delete common "metadata" properties for digital photographs from inside Windows Explorer. The Photo Info dialog enables you to edit both EXIF and IPTC information in compatible image formats as either a single image or a collection. It also provides enhanced "hover tips" and additional sort properties for digital photographs in Explorer (in Details view). Features View or edit photo metadata

Microsoft has announced some cool new collaborative photography software in the form of PhotoSynth on the Live Labs web site. http://labs.live.com/photosynth Photosynth takes a large collection of photos of a place or object, analyzes them for similarities, and displays them in a reconstructed 3-Dimensional space. With Photosynth you can: walk or fly through a scene to see photos from any angle seamlessly zoom in or out of a photograph even if it is gigapixels in size see where pictures were taken