Windows Live Local v3 release went live on May 24th! Our team worked hard to get this release out.  Try it out at http://local.live.com.  The major features of this release include real-time traffic, user collections, new UI, improved search, improved driving directions, and increased map coverage.  We also have a new and improved API, which is one of the major features I worked on.  Check out the Virtual Earth Interactive SDK for more details. I look forward to sharing more info about the APIs and Virtual Earth here in the future.