Matthew McDermott, a SharePoint MVP, has written a great 4 part blog post on how to make SharePoint 2007 search (and Search Server) render image results in a way that looks very similar to http://images.live.com.
Not only does this make searching images much easier, it’s also a very thorough step-by-step tutorial on how to customize results using the built in Web Parts and XSL – it’s well worth a read.
SharePoint Image Search (Part 1)
SharePoint Image Search (Part 2)
SharePoint Image Search (Part 3)
SharePoint Image Search (Part 4)
The end result makes SharePoint Image results look like the screencap below.
Richard Riley Senior Technical Product Manager Microsoft Corp.