Basically, Windows Live SkyDrive provide 5GB of online storage free of charge, with password protection. It can be used to store personal files whereby only the owner can access to it, or be used to share files with others. The file sharing are devided into "Shared" and " Public". For "Shared Folder", it can only be accessed by users (with windows live ID) of your choice. You can even decide how much control each person has over each shared folder. Some can just read what's there: others can add and delete files. As for "Public Folder", it can be used to share file with ANYONE on the internet and every file and folder have its own web address!
Interested? No problem, just point your browser to http://skydrive.live.com/ and sign in using your Windows Live ID!
Adapted from: http://taxiarch.blogspot.com/
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