Please remember, you can only download Windows Live Movie Maker if you are running the Windows Vista operating system. Windows Live Movie Maker ONLY SUPPORTS WINDOWS VISTA
http://download.live.com/moviemaker
It's pretty cool and easy to use. Even though it doesn't have the "Take picture from preview" like the 2.6 version of the program, this Live Movie Maker seems to be easier to work with.
Windows Live Movie Maker Screen Shot
Click to enlarge view)
Another thing I don’t much care for in the Live version is that the Time-line is connected to the Storyboard (no separate views).
Other than that, the Windows Live Movie Maker is probably a good download to keep on hand if you are currently using the movie maker that came with your Vista OS. That way, if your Vista Movie Maker gets messed up (with glitches, stops responding, or is unable to complete tasks for one reason or another) then you can always fall back on Windows Live Movie Maker.
Just remember, Windows Live Movie Maker only supports Vista operating systems. You can’t download this version if you are running Windows Xp.