http://folders.live.com (currently offline)

That’s the URL for the soon to be announced Windows Live Folders beta. What’s are Live Folders? According to Microsoft, “Password-protected online file storage. Always available where you need it.”

User will be able to access up to 500 megabytes of free storage (50 mb max per file), with either IE or FireFox, using a Windows Live account. There are three options for allowing access to these folders: private, shared, and public. The 500mb limit is rumored to be changed to unlimited after the beta.

Looks like Microsoft beat Google out of the gate this time! (Google’s gdrive project is similar).

More screencaps after the jump…

Windows Live Folders beta – more info [Live Side]