Windows Live Folders changes its name to Live SkyDrive
Microsoft is offering a service that will provide the user with a 500MB storage space which is accessible
over the Internet. The information saved on this drive can be either private or shared(with some level of
permissions).
The information will be saved on the "cloud" (I am guessing hence the name change). This is the second
time that Microsoft products uses the concept,the first time was with the Windows Live OneCare 2.0 (beta),
where it seems to be offering 10GB for digital photographs backup.
For additional information take a look at their blog:
http://livefoldersteam.spaces.live.com/