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Yes indeed.. there is a new, better, "wicked fast" search engine for your XP desktop.  The newest version of Windows Desktop Search is now available.  Need a fast way to search your PC for a particular word in a document, or even e-mail (it works with all versions of Outlook) or OneNote item?  This is your tool.

Here's the overview from the Download Page:

"Windows Desktop Search 3.0 is the technology which enables instant search on your computer. It helps you to find, preview, and use your documents, e-mail, music, photos, and other items. The search engine in Windows Desktop Search 3.0 is a Windows service that is also used by applications such as Microsoft Office Outlook 2007 and OneNote 2007 to index application content and deliver instant results when searching within that application. Windows Desktop Search 3.0 provides fast indexing, improved performance, and improved file type support."

Here's the KB article about the tool also, in case you're interested in more detail.