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As it turns out we have grown our index and just reached a significant milestone at Yahoo! Search – our index now provides access to over 20 billion items. While we typically don't disclose size (since we've always said that size is only one dimension of the quality of a search engine), for those who are curious this update includes just over 19.2 billion web documents, 1.6 billion images, and over 50 million audio and video files. Note that as with all index updates we are still tuning things so you’ll continue to see some fluctuation in ranking over the next few weeks.
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Article on CNET
Official statement on the Yahoo blog
Not sure what this means in terms of meaningful results .. I still won't be switching from Google as my main search engine unless I hear people raving about how great Yahoo is now .