Some of the recent news from Microsoft.
Microsoft Office Web Applications will work on iPhone and work best with Silverlight, might be available for free and more in this FAQ.
Windows live announcement Windows Live – Keeping your life in sync talks about ONE contact list for Hotmail and Messenger. Read the post as it is quite extensive.
Some quotes on Torres Talking blog
And finally a link for the developers. http://dev.live.com/ Describing Live Framework
Posted using Live Writer that also have got a new icon.