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http://mashable.com/2008/03/13/yahoo-search-mon...
I don't see another way anyone is going to compete with Google than to open everything up and just let the community have a field day.
This is the first big idea that's good that Yahoo's had in some time, and it seems dead in the water already.
Unfortunately, Yahoo unveiled Search Monkey at probably the most unaccomodating time: as it was sparring with Microsoft over the proposed purchase.
If Microsoft goes through with an advertising and/or search deal with Yahoo, I would suspect that Search Monkey may continue to be developed, if only because the standard search options of Yahoo and Microsoft have not worked very well in either companies' favor.
Their search options exist, sure, and are used by millions of people, but neither has really THRIVED as of late. (Yahoo of course was the king of search many years ago, but that "what have you done for me lately?" bit comes into play now.)