Microsoft’s CEO, Steve Ballmer, has considered moving Internet Explorer’s core over to the open source WebKit rendering engine.

It appers the move is being considered as a way to stem the bleeding of users to other web browsers, who are looking for more complete and compliant web browsers.

Market Share by Net Applications shows that for October, IE’s market share has dropped to 71%.

With IE8 set for release in early 2009, changes of this magnitude would likely not be seen for another 2 years, in what could possible be IE9.

This move, if true, would be fantastic news for users and web developers everywhere.