This article by Om Malik clearly conveys some of the thoughts I have been having about Yahoo's resurgence. They came out with a Video Search, a Creative Commons search, a Tech Buzz Game and recently acquired Flickr.
In comparison, most of Google's recent releases have not given me that "Aha" moment. Orkut sucks! Google Maps, Google Local and Keyhole are not so useful to a non-American. Only Google Desktop search was something that I really enjoyed.
Lets see what the future holds!