Greg Nelson, who has had the thankless job of running MSN for Microsoft, has left that position and been given the even more thankless task of running the integration of the complex search and online advertising partnership struck by the software giant and Yahoo.

Nelson’s counterpart at Yahoo, according to sources, will be Mark Morrissey, who is currently SVP of Products at the Internet giant.

The pair–pictured above, with Morrissey on left, Nelson on right–will have their hands full in what will ultimately be a two-year effort.

BoomTown’s title for the relationship: A Couple of White Geek Guys Sitting Around Arguing!

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The new MSN homepage debuts tonight and you would be completely correct in thinking the recipe Microsoft has cooked up to inform its design ethos–white, clean and hiply modern–has definite echoes of a certain longtime tech rival.

That would be Apple, of course, with a big dollop of Twitter and Facebook tossed in, and finished off with a generous sprinkling of Microsoft’s new Bing search service.

For those who care: The MSN butterfly logo remains, although it appears to have lost a lot of weight.

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Here is a video interview BoomTown did with Bob Visse, GM of MSN Product Management today at Microsoft’s offices in San Francisco.

The new MSN homepage debuts tonight with a redesign cutting clutter, adding the ability to access both Facebook and Twitter, a local focus and with Microsoft’s new Bing search service everywhere.

Also, some Microsoft interviews with MSN staff about the changes.

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Longtime Yahoo exec Brad Garlinghouse’s appointment to a new job at AOL today is yet another sign of an interesting trend for those keeping score of the comings and goings of top Internet execs.

As anyone who watches the digital space knows by now, this kind of management musical chairs is common and never-ending, although it seems more frantic than ever of late.

In fact, borrowing a quote by IAC/InterActiveCorp chairman and CEO Barry Diller from an onstage interview I did with him at the sixth D: All Things Digital conference, and switching out Hollywood for Silicon Valley: “[It] is a community that’s so inbred, it’s a wonder the children have any teeth.”

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The edging-ever-closer-to-consummation deal talks with Yahoo about an online advertising and search partnership and the aggressive marketing of its new Bing search service aren’t the only things going on for Microsoft’s online services business.

MSN, Microsoft’s online portal, is also preparing a major redo of what U.S. and, possibly, international consumers will see, as it doubles down on five key content verticals, while cutting back on others.

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Here’s a very funny video, called “Digital Media Musical Chairs,” from a Wall Street type who goes by the code name L. McDuff.

It’s about the many switcheroos in recent years among the execs at the big Web outfits like Google, Time Warner unit AOL, Yahoo and Microsoft .

And when you look at it from a “Hollywood Squares” point of view, it’s kind of is amazing to realize that there are only about a dozen Internet execs moving in and out of the various jobs.

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Last year, Yahoo EVP Hilary Schneider and then-Media Group head Scott Moore had a summery seaside dinner with Demand Media co-founder and CEO Richard Rosenblatt in Santa Monica, Calif., right around the corner from the online publishing company’s HQ.

While many speculated that Yahoo could be doing some friendly kibitzing to get a sense of where the eclectic network of general- and special-interest sites was headed, for a possible acquisition, nothing came of it.

But now, a year later, with recent indications that a major strategy for new CEO Carol Bartz will finally follow through on making Yahoo’s massive but disparate service more social, especially in its content offerings, several sources close to the company tell me another look-see at Demand is likelier than ever.

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Last week, I went to the 15th Stanford Accel Symposium, hosted by Stanford University’s MediaX and the VC firm Accel Partners.

With the honking big title of “The Delta Conference: The Impact of 2008 Dramatic Events on the World of Digital Media and Technology,” it included a panel on online media with a stellar gang, all talking about microblogging, content and where it is all going in this economic environment.

It was kind of like “The View,” except all guys in khakis and oxford shirts. You know, a typical Silicon Valley gathering.

Here are video interviews with the panelists.

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Will Yahoo’s media properties fall flat with sweeping new changes that are afoot that will drastically change the way the company bakes its content offerings?

Or will the ability to have a single, highly scaleable, centrally developed architecture make the media programming Yahoo delivers more responsive and flexible in the era of fast-twitch bloggers (all while cutting costs)?

According to many sources inside and outside the company, product development for Yahoo’s heavily trafficked media operations–including its powerful News, Finance and Sports sites–is set to be moved under Ash Patel, who is EVP of the company’s Audience Product Division.

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It seems that since Yahoo CEO Carol Bartz is playing it coy about whether she wants to do a massive search deal with Microsoft or not, the software giant is just going to keep hiring her search tech team out from under her.

Today, Microsoft said it had hired Larry Heck, VP of search & advertising sciences at Yahoo Labs, who will work in its online unit.

It’s like the rapture, except geekier.

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Just after he got the job 10 days ago, BoomTown got the chance to chitty-chat a bit with Scott Moore, the former Yahoo media chief, who is returning to Microsoft, where he will lead its online content efforts for the U.S for its MSN online service.

Apparently, you can go home again!

It’s a touché tale because it feels like Moore was pretty much rehired by MSN exec Greg Nelson (also in on the conversation with Moore) to give Yahoo a wallop where it really will hurt–its powerful content business, one of Yahoo’s only bright spots.

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In an interesting and innovative move compared to what has typically been less-than-hip online programming over the years, Microsoft’s MSN service is debuting a slick new celebrity site called Wonderwall today–created, designed and produced by a Hollywood company run by former Yahoo media chief and well-known television exec Lloyd Braun.

Using an unusual horizontal design with a scrolling “wall,” a plethora of pictures and a deeply visual sensibility, it’s definitely a laudable risk for Microsoft, as the company seeks to continue to push itself into the online content business, despite a lackluster record.

But will this time be wonderful?

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The game of executive musical chairs among Web companies keeps on going, with sources telling BoomTown that AOL ad head Lynda Clarizio will be departing the online service and be replaced by former high-ranking Yahoo advertising exec Greg Coleman.

The move at AOL, which has been in the works for only a week, could be announced as early as today, although I have been hearing rumors of such a development since late last week.

Both AOL’s content and communications units have been getting an overhaul of late, and now it seems it is time for its lackluster ad business.

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In an unusual homecoming and odd job switcheroo between two Internet execs, former Yahoo media head Scott Moore is returning to Microsoft to lead its content efforts, according to many sources both inside and outside the company.

Moore will become U.S. executive producer, responsible for leading the content and programming strategy for the MSN online service. He will return to Microsoft’s Seattle area HQ in mid-March and report to Greg Nelson, GM of the MSN Global Media Group.

Moore left Yahoo late last year due to unhappiness over the turmoil at the company and to pursue a start-up idea he had.

He was replaced at Yahoo–in a rushed appointment–by Jeff Dossett, who came, wait for it, from Microsoft, where he held the job Moore is now taking.

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As BoomTown reported earlier today in detail, Yahoo will announce its layoffs on Wednesday, as planned, of at least 1,500 employees. But many staff have also been leaving Yahoo on their own, including one recent high-profile departure–now former Yahoo Media Group SVP Scott Moore. Here’s my version on an exit interview with Moore, which I did at his Yahoo going-away party last week in Santa Monica.

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