My homegirl, Gretchen Ledgard (y'know Josh's wife), has helped start the Technical Careers @ Microsoft weblog. According to her introductory post you'll find stuff like

Explanation of technical careers Microsoft.  What do people really do at Microsoft?  What does a “typical” career path look like?  What can you do to prepare yourself for a career at Microsoft?

Sharing of our recruiting expertise.  Learn “trade secrets” from Microsoft recruiters!  What does a good resume look like?  How can you get noticed on the internet?  How should you best prepare for an interview?

Information on upcoming Microsoft Technical Recruiting events and programs. 

I hope Gretchen dishes up the dirt on how the Microsoft recruiters deal with competition for a candidate such as when a prospective hire also has an offer from another attractive company such as Google. Back in my college days, the company that was most competitive with Microsoft was Trilogy (what a difference a few years make). 

I remember when I first got my internship offer and I told my recruiter I also had an offer from i2 technologies, she quickly whipped out a pen and did the math comparing the compensation I'd get at Microsoft to that I'd get from i2. I eventually picked Microsoft instead of i2 for that summer internship which definitely turned out to be a life altering decision. Ahhh, memories.