It looks like Microsoft and GlobeXplorer have reached and agreement to supply new imagery to Virtual Earth.

As part of the deal, more than 400,000 square miles of U.S. aerial imagery will be enhanced with high-resolution coverage. Microsoft and GlobeXplorer plan to integrate the new imagery into Virtual Earth over the next several months.

Finally I will be able to see Tempe, AZ in color imagery! I didn’t see any mention of world imagery so I’m not sure if that is included. I’m sure we’ll hear more over the next few days.