I hope this isn't a larger symptom of what's going on.
I'm somewhat excited about what is happening with Microsoft Live but I also fear that it may be a case of too little too late - something that I'm sure Ken knows all about.
All the good signs are there - Ray Ozzie is certainly taking his role as architect seriously but perhaps this is the most telling comment:
"It's easier to get funding outside Microsoft than inside at the moment, so I am stepping out and doing my own thing."
Good luck, Niall - I'm excited to see what's next for you!