Some are reporting that they are seeing major changes in rankings over at MSN Search. One thread at DigitalPoint forums says "referrals from MSN are down about 80%." I have checked some stats on my side, of clients ranking well in MSN, and some of their rankings have dropped off. Some others have jumped up and many have stayed put. An other member reports that "my msn traffic is down about 30%." And over at SEO Chat Forums people are reporting the same things, "couple of my sites dropped from top 5 positions on targeted keywords to about #85." Same type of thread going on at Cre8asite Forums, where a member is seeing "major changes" but for the good.
What is weird is that there are no recent threads on the topic in the Search Engine Watch MSN Forum or the WebmasterWorld MSN Search Forum.