Bing has announced that it will integrate data from the location-based network into its Maps product, with a set of features that will debut later this year.

Rest assured, it’s not gawker for the common man, and won’t broadcast your location on Bing Maps. Rather it will feature user-generated content such as tips and comments that Foursquare users give to a certain venue or business.  This data will be pulled into Bing Maps via a new Silverlight-based tool.

The signals the growing importance of location based services through the use of rich local data to improve the online experience. Other recent Foursquare announcements include the addition of analytics and major deals with Bravo and Zagat.

For more information on the Bing announcement, head on over to Mashable