I don't think so... google is way far from where it is now. Bing won't get there.
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Yes, everything is possible. I mean before it was yahoo whose on top, but look whose the boss now - google. As for bing if they keep improving, there's always a chance they might get close to google.
as far as the status of bing and google...i can say that its still too far to happen
yes, bing continuously working with its services and features but then google do the same as well...