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Microsoft has decided to leave the Windows Live brand and services shall be independent and will be integrated into operating systems Windows 8 and Windows Phone.
Microsoft announced Windows 8 Official Blog that will give up Windows Live, with services operating independently.
As indicated on blog, Windows Live did not integrate into Windows as it was supposed, as happened with Windows Media Player or Movie Maker, even causing some confusion among users.
In the new operating system names will be more specific, for example, instead of Windows Live Id is Microsoft Account. Instead of coming all in a separate program, which was Windows Live, will be integrated into Windows itself 8.
The Skydrive, for example, will be integrated into Windows 8, which is similar to that iCloud is compared to Apple products. Below is a video, in English, with a better explanation of the services included in Windows 8: