Yesterday, we released a new version of the FolderShare web site and client. My team worked on the web site, which you might guess from the similarity to SkyDrive. In case you aren't familiar with FolderShare, it's an application that lets you sync files from multiple machines, peer-to-peer. I've been a happy FolderShare user for many years (since before Microsoft acquired it), and am glad to be a part of making it better. We did extensive usability testing on the core FolderShare scenarios and are really happy with the improvements we've seen with the new site.
Before you ask, I can't comment on FolderShare future plans, but rest assured, it's not dead!