The most notable of the new features is a ‘Friends Module’ which Microsoft had in limited testing for the past several months. With the addition of the Friends Module, you can create a place to hang out with your friends. This Friends Explorer, which will be integrated with and accessible through Windows Live Messenger, will enable you and your friends to explore others and create new friendships, similar to Friendster or MySpace, making spaces more competitive with social networking services.

       In addition, your title and tagline will no longer be limited to the Spaces header. Instead, you can choose to display the title and tagline of your space as a module and have it appear wherever you want it to in your space.  Removing the title from the header means you have more freedom and control over things like your space title and navigation to stuff in your space. Instead of always being stuck at the top, you can place them wherever you want.

      The introduction of bread crumbing and an optional new navigation module will enable you and your visitors to easily navigate through your space. On the screenshot they have shown a ‘Live Search Bar’, I just hope it has the option to search your space first and not the whole MSN Spaces community or even worse just the web. It could give the three searching options to the users though, that would be really cool.

       Windows Live Space team is also going to offer you many new ways to express yourself and customize your space. You’ll be able to add mini-applications called Windows Live Gadgets developed by the community for the community. Now, you must be thinking what the hell this ‘Windows Live Gadget' is! Know more about this Gadget thing from here .

        Of course with all this gr8 stuff, there'll be some changes to your space URL structure. According to the Windows Live Space team, your space URL will be changing one final time with the switchover to Windows Live Spaces. Yap, you guessed it right...you'll see your space URL as <space_id>.spaces.live.com instead of <space_id>.spaces.msn.com. All viewers and users going to the old URL, will be automatically redirected to the new URL. It has been assured that all data and information of the MSN Space user will remain intact, and Microsoft apologizes in advance for any inconvenience, this URL change may cause.

        Announcement of this migration in your space came shortly after the news that MSN Spaces saw record traffic in April,2006. According to comScore Networks, the site counted 101 million visitors that month, making it the most widely used blogging service.