For all the excitement aboutMicrosoft Live Search Cashback, I think anew announcementout today is far more important to Live Search’s potential growth. It will be the default search engine on Hewlett-Packard computers sold in North America beginning in January 2009, winning the deal from Yahoo. HP is currently the world’s largest PC manufacturer and second largest in the United States. Below, more about the deal plus a review of all major computer-search deals.

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