The live.com team just released another small update, as well as the Windows Live Gadgets SDK. Changes include:

• Performance improvements
• Drag and drop gadgets to a specific page
• Ability to create folders within "My Stuff"
• Ability to rename feeds and gadgets
• Read more

To finish off the post, they hint at another update in a couple of weeks :-)

(Tip: Don't try finding out what the maximum number of pages you can have on your live.com is. Adding a page takes one click, removing a page takes 3 clicks (or 2 clicks and pressing enter). I found this out the hard way. Incidentally, I got to several hundred before giving up.)