One of the centre pieces for the new Windows Live Wave 3 experience services, is the new customisable homepage at http://home.live.com. While the first version of this launched with Wave 2 was somewhat basic, the new super-charged version is a big improvement.

The coloured header at the top of the page has the following features:

• Date & Weather, based on the user's own location as set by their profile
• Current notifications, showing private messages, network invites, and upcoming calendar events from WL Calendar
• Photo slideshow, allowing the user to customise their homepage with personal photos hosted on Skydrive/Windows Live Photos. While the page only shows 4 photos at a time, it continuously cycles through all the photos you've selected
• The new themes for the Windows Live headers (more details).

Following the release of Windows Live Wave 3 web services, Windows Live Photo Gallery and Movie Maker announced updates:

• Beautiful new views of your photos, including an amazing Slide show view.
• 25 GB of FREE storage! That's a ton of pictures of any resolution plus there's no more 500-per-month limit on photos. 
• The photo-centric What's New feed on photos.live.com shows you the photos your friends are sharing. 
• Spaces and SkyDrive photos are now combined, so all of your photos are in one place. 
• Better permissions give you greater control over who can see your photos online.

SkyDrive  team also announced updates:

25 GB of free online storage
Available in 6 more regions and 13 more languages
Download entire folders as Zip files (limited release)
Gorgeous online slide show for your photos
And much, much more!