A DigitalPoint Forum thread has several reports that MSN Search is reporting fewer and fewer links for Web sites, then they have in the past. By that I mean, if you do a link: command search, you will notice less results returned today then you had a month or two ago. Here are some examples;
Then: 1,106 Now: 110
Then: 207 Now: 28
Then: 4,900 Now: 149
But it is important to note that many SEOs are not reporting any loss in rankings at MSN Search.
Forum discussion at DigitalPoint Forums.