Windows Live SkyDrive is a brand new Windows Live service that gives users 500MB of web space for storing and sharing of files. You can think of it as a personal “hard drive” on the internet – or “in the cloud”.
When you create the SkyDrive space, you get several protected directories which you can store your files in. These are protected directories that are only you can leverage.
However, Windows Live SkyDrive allows you create new folders or choose specific folders to share with everyone (Public folders) or specific people on your Windows Live Contact list. You can set specific permissions for those viewing your folders as well, they can be a contributor (add / remove files) or someone who is simply a reader of the folder. Your Public folder allows only reader permissions for the public.
Imagine it, store some of your music, photos, avatars, documents such as your resume, etc…so they’re always handy no matter where you are across the globe.
The feature is still in Beta right now and only available to a few regions while the Live team is rolling out support for other countries, but if you change your region in your Live/Hotmail profile I think you can get around it.