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Support for the Bing Search API 1.1 will be discontinued on November 1, 2010. For those using the older API, this means that you will need to switch over to the newer API over this period.To get more information about the Bing Search 2.0 API please visit here.
There are considerable benefits in the newer APIs such as: RelatedSearch, Instant Answer, MobileWeb, Video, and Translation.New protocols supported include JSON, XML and SOAP.
For more information please visit the Bing Blog