Would it be possible to clone easily facebook features and interface and add it to your Windows Live environment kick Google Wave? hmmmm noooooooooooo — They are still missing the real time synchronized events (sms, chat, photos, embed, live translations)
BUT BUT BUT — Competition is always needed at all levels 
http://home.live.com
skydrive.live.com
livefilestore.com
Email. IM. Blog. And more.
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If you have a Hotmail, Messenger, or Xbox LIVE account, you already have a Windows Live ID.
Mail – Faster, easier, and more reliable than ever before.
Go to HotmailMessenger – Stay in touch, instantly—simply chat, or share photos, play games, and more.
Get MessengerSkyDrive – Free, password-protected online storage.
Go to SkyDrivePhotos – Share your favorite shots with friends, and comment on their photos, too.
Go to photosPeople – Add people to your network and stay in touch more easily.
Go to peopleOn your PC or mobile device – More for your PC or mobile device – Get free programs for your PC. Use Windows Live on your mobile device, too.
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One download, lots of great stuff
Now in one installation, Windows Live Essentials gives you instant messaging, e-mail, blogging, photos, and more.
IM and e-mail
Stay in touch. With Messenger, you can chat, swap photos, and see what’s new with friends. Mail brings together your Hotmail, Gmail, and other accounts, along with multiple calendars.
Messenger
Mail
Photos and movies
Use Photo Gallery and Movie Maker to edit and organize your photos and movies, and then post them online or send them to friends.
Photo Gallery
Movie Maker
Blogging
With Windows Live Writer, blogging is a breeze. You can add photos and videos, format everything just so, and publish to most blogging services.
Writer
Web browsing
With Toolbar, you can customize your browser and find what you need, fast. Family Safety helps you keep your kids safer online.
Toolbar
Family Safety
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System requirements
Programs you can download include:
Messenger
Mail
Writer
Photo Gallery
Movie Maker
Family Safety
Toolbar
Additional programs:
Microsoft Office Outlook® Connector
Office Live Add-in
Microsoft Silverlight
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