Windows Live is live, sort of.
Your online world gets better when everything works simply and effortlessly together. That's the basic idea behind Windows Live.
Nothing Microsoft has ever done works "simply and effortlessly." And isn't this just a ripoff of google.com/ig (without support for Firefox)? And who's going to use the very clunky looking Live Favorites over del.icio.us? Perhaps Office Live will be more impressive.