Heads up, there is a new code sample that shows you how to use the Windows Live ID Client SDK and the Office Live Discovery Web service to authenticate and talk to Office Live's business applications & workspaces. This can really open up a lot of interesting scenarios for you and your customers.
Those are just a couple examples, but the possibilities are pretty endless. To download the code sample, go to the download center and get the Client Application Connection sample. To read more about the Client Application Connection code sample, watch the Office Live Blog and check out the next update of the Microsoft Office Live Developer Guide (due early April 2007).
You may also be interested in the blog post that announces the Live ID Client SDK, and you can get help with questions about the SDK on the Live ID dev forum.