The service itselft is nothing new. Microsoft bought Foldershare a couple of year ago and it appears it now shows an updated web user interface and full integration with Windows Live accounts. The PC client has been updated as well - which means fuill Windows Vista support now.
Other than that I wonder if the 10,000 file limit per sync pair is still there. It makes the software unusable for me, because some of my folders have way more than 10,000 files - the documents folder for example, with all the web, images, etc.
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