SEO and 301 Redirect

I was under assumption that when a site moves to a new domain or URL space, the best thing to do from SEO perspective was to put up one’s site at a new place and set up old site to do HTTP 301 redirects (Moved Permanently).

I did it a couple of weeks ago when I was moving this site to its current address, but noticed today that my old address still shows up in Google at the top of search results. I got curious, and checked both Yahoo and MSN and both of them properly do not display links that have been redirected.

Am I missing anything, or is it a bug in GoogleBot?

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