Windows Live team just released the beta for Windows Live Essentials. I wanted to quickly point out the new Windows Live Favorites Sync feature that is part of the Live Toolbar. It now uses Microsoft Sync Framework (File Sync providers to be specific) to synchronize your favorites folder. This is the first Microsoft product release that uses our framework and naturally we are very excited about this. Download the suite and try out the new favorites sync.
Update: Adding links to download