I agree. It's OK, but it takes up a lot of page real estate. I like being able to see many results in the same column. Maybe if they used just 2 columns.
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http://www.cbsnews.com/stories/2008/07/28/tech/main4299608.shtml>
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http://www.cuil.com/>
>(I don't care for it based on my test search. Plenty of results, but I don't care for the column layout and it took me a few moments to notice the pages available at the very bottom)