It’s reported that Windows Live Skydrive added “Favourites folder,” and by the end of Wave 3, Windows Live Favourites will redirect to this new Skydrive folder. If this happens, obviously nobody will want to manually enter in their 100 favourite websites into Skydrive.
The move to Skydrive is a welcome update, and potentially offers the ability to share bookmarks with your friends and thereby allow other users to comment on them. At the moment though, its all privately stored, with the comment form rendered somewhat useless for the time being. The old/existing stand-alone service has a top-favourite and also sharing options, suggesting that this move is less about developing the service, and more about taking Windows Live Favourites to a mainstream audience as part of Skydrive.