I remember, I watched this Video first time when I was at Seattle (attending an internal Microsoft Tech. Conference) may be at that time, it was not out in public!
Its Amazing! Take a look!
Video: Your Digital Lifestyle
Ok, watched the Video? Now, Add your imaginations for Applications developed on Live Mesh Platform and many other things Microsoft is not talking about Right now (that they are going to release in near future!) and See the Future! Looking colorful, colligated and contemporized ! ??? At least, it does to me! 
Stay tuned.. 