Microsoft is adding a new Windows Live Events service to its line-up. At the same time, it it is providing a general update to Windows Live Spaces that makes the platform look and feel more like Facebook by showing users a feed of what their contacts are doing.

Windows Live Spaces users gets new Facebook-like features Microsoft has been hinting that it was considering a multi-million dollar stake in Facebook, while saying next-to-nothing about its Windows Live Spaces Facebook-alternative. Now that talk of a Facebook investment seems to have waned, Live Spaces — Microsoft’s social-networking/blogging platform – seems to be a more visible priority.

Windows Live Events is going to be part of the core Windows Live suite, as well as an adjunct to Windows Live Spaces. The Live Events service won’t be flipped on immediately for all users, the Softies cautioned; it may take a while before the events.live.com link takes them to the new service. The rollout of the new events service commenced at 8 p.m. (EST) on October 11.

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