Bing is definitely chandler compared to Google, the search is still not as comprehensive. It is catching up and I sure hold Microsoft double up their efforts as they do have a lot to catch up with the market leader.
LOL I think Bing is not all that bad. Strangely I am getting some page 1 and number 1 results on Bing for SEO related terms that I am on page 2 of Google (sometimes even page 3) for. This is a fairly new experience for me as when Bing was MSN I found I had masses of page 1 and number 1 results on Google but was floundering down on pages 8, 9 and 10 on MSN for the same search terms. I seem to have gained some sort of trust with MSN/Bing over the past few months though as my SERPS are amassing nicely now. It took some time but now I am finding on occasions my Bing results out do my Google ones. My Google ones are still the ones I worry more about though, for obvious reasons.