In the new IE7, it will include a new feature called ‘Delete Browsing History’ which will let the users to control the data stored by the browser easily. By using this feature, we can tighten the security of IE easily.
For example, we can use a single setting page to control all of the internet data saved in IE.
Such as the history, cookies, web caches, internet password can be cleaned easily.
We don’t need to browse to difference setting page to clean those data.
Here is a sample of the setting page:

After all, in the old day when we clear the Temporary Internet files, IE will be freeze until the cache was clear
….but now, we can switch back for browsing web site and keep the cleaning process running in the background. Really nice feature!

FOr more info, you can reference here:
http://blogs.msdn.com/ie/archive/2006/01/12/512232.aspx
http://blogs.msdn.com/ie/archive/2006/01/12/512232.aspx
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