A new web browser has been revealed by Microsoft Live Labs called Deepfish. It runs technology borrowed from Sea Dragon, the imaging engine behind Photosynth.

Deepfish is a new type of mobile information browsing experience, aimed at preserving the rich layout and full form of documents on mobile devices while providing novel ways of effectively navigating that content on small screens.

The Deepfish Technology Preview enhances existing mobile browsing technologies by displaying content in a view that is closer to the desktop experience. The zoom-able interface and cue map allow you to quickly access the information you care about over the web without ever losing track of where you are.

It will run on Windows Mobile 5.0+ Pocket PC and Smartphone devices and it will be free, but for now only closed group of beta testers are able to download it. A video at the channel 10 blog shows the functionality of the browser.