Making a decision on a next-gen Windows Mobile Browser just got tougher again, friends. SkyFire has been updated to 0.8.5 and the new version brings a few new features. Namely: support for larger screens (hi Touch Pro!) and the best feature of all: an immediate download of the open beta. Just head to http://get.skyfire.com/ to get the SMS punched out to your phone (US and Canada seems to be the focus here, though). Since Skyfire is proxy-based, it is able to render fairly quickly server-side and them push the page out for your zooming pleasure. It's also the best browser for multimedia since it's able to handle most Flash video and media embeds on that proxy server and then send it out.
If you're looking for a simpler proxy-based solution and you have an inexplicable yet abiding love for Java Virtual Machine, you might also be interested to know that Opera Mini is tapping in at 4.2 now with skins, performance enhancements, and some minor syncing abilities with Desktop Opera. Early support for video is here as well, but only for those dirty Symbian users.