Microsoft recently announced that it has renamed its Windows Live Folders as Windows Live Skydrive. Apart from the name change , there are also some new features along with an enhanced User Interface.

For those who are not familiar , Windows Live Skydrive is a Windows Live Service that gives each user a 500MB space on the internet to store there documents and files which can be shared with others. It is simple like a Personal briefcase on the internet. You are given several protected directories which can be used to store your files. These protected directories are hidden from public and are for your personal use. There is also an option to create a shared folder which you can share with your friends and contacts or with general public. You can also specify people on your Windows Live contact list who will be able to view the folders. You can also specify permissions to people viewing the directory, the “reader” level allows people to view the files while a “contributor” level allows people to add or remove files in your shared folders.

I only started using it from yesterday but by looking at the interface and the features , it seems like a good way to share your documents with others or it is like having your personal documents available anywhere.