The new "Live" group of products from Microsoft is set to get a new addition in the near future.
Windows Live Spaces will replace the current MSN spaces where users can create personal profiles, blogs and photo galleries. The new release promises tighter integration with other Live products, such as Windows Live Messenger, with features like Friends Explorer, allowing you to network with friends of others and create new relationships.
Windows Live gadgets also play a role in the new design, allowing users to quickly and easily add new content from a gallery of pre-made gadgets, or create their own.
News source: MSN Spaces Blog