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Windows Live Folders is the online file hosting and sharing service from Microsoft which will be soon available in beta version. Live Side has given a detailed descrption of Windows live folder and provided with the screen shots.
Live side also reports the storage space to be 250 MB (beta version), while Amit says that storage space would be 500 MB and individual files to be less than 50 MB. The Windows Live folders was available on 12th May, but it was soon taken down.
Image Courtsey: Live Side
Technorati tags: WindowsLiveFolders
I’ve started loving Microsoft Live services
but still for file sharing, my only choice is Divshare. 
Rishi,
I have also started using the Live services. I was impressed with the live mail using custom domains.
The thing with microsoft is that they don’t believe in large spaces
I use diino and its words absolutely perfectly for me..
I think Microsoft it a bit too late. There are plenty of services out there where we can get more than 500MB of storage e.g., http://www.esnips.com/ http://www.xdrive.com/
Sharique,
I too have registered with Diino, but never used them. Think they are gud. I liked the UI of Windows live, thats why I started using their services.
kuanhoong,
You are right, 500 MB is low, but once its out of beta version, I guess the capacity may increase.
Microsoft ROCKS!!!