Microsoft is quickly moving to strike back, saying that they will never willingly strip IE from Windows. And, you can hardly blame them. They have worked very hard over the years to get people addicted to it. On top of that, while some browsers such as Firefox have been able to trounce on IE and swallow a lot of marketshare, it still remains the number one browser. They also claim it is an integral part of the OS, and that people are already free to choose alternatives if they wish.
Both sides make good points, though this is not the first time Microsoft has been fingered as a monopoly largely due to IE integration. This might prove to be an interesting battle.