There are a number of new gadgets to play with on live.com. You can embed most of these gadgets on your live.com home page, or on your live spaces home page.
The new Soapbox Gadget allows you to embed movies from http://soapbox.msn.com. There is also a YouTube video player. There is a poll gadget and an HTML gadget.
They are easy to use and fun to play with, so you might have some fun with them if you have a little holiday free time.