I am thinking that whites more active king and better placed knight should counter act that.
A new variation to the Kieseritzky
 
    
  
  
  It could be, though I've noticed when trying this variation out that Black's pawn Queenside pawn structure is more flexible and defendable than White's center pawns... however, I'm not perfect. And neither is Houdini, though it comes a lot closer.
 
    
  
  
  Knight vs a Bishop! Knight can do this one, coz there are pawn chains on both sides of the board. Black get's a solid position( Notice that white MUST lose some tempo to bring the Queen to a useful place.) for the compensation. But what bothers me is the isolated pawn on the h file. It could become a potential weakness. However, your analysis was really good. Keep up the good job! I wish I had a 64 bit processor!
 
     
     
      
The current mainline, according to the 15th edition of Modern Chess Openings, is here:
As a representative and huge fan of the opinions of Houdini 1.5a (64bit), I would like to advocate a new variation to that line:
The point Black is trying to achieve with this line is to get closer to establishing a slight edge in development -- and, eventually, hoping for an endgame that will favor the dark-square Bishop. It simplifies the position more than MCO's recommendation.
Any comments?