Its not often that Google, Yahoo and MSN agree on something, but it has happened, and it should make a webmasters life a little easier. For a while now Google has had Sitemaps where you give them the location of an XML file that allows them to better spider your site. Well Yahoo and MSN have joined in, and will work off the same file format.
See the site for more details of file structures and an faq. I assume a number of the smaller search sites will jump onto this pretty quickly.

Google & Yahoo already accept the files, while MSN will be public sometime in 2007.