According to LiveSide Windows Live SkyDrive Beta has be officialy confirmed as the new name for Windows Live Folders Beta.
And it now seems to work in the UK.
And apparently the've added a host of new features including:
Drag and drop file upload, making it easy to upload multiple files. Previously you were limited to manually selecting 5 files at a time, which made uploading a time consuming process.
Navigational controls to move quickly beween files
A "recently viewed" section showing other users' Skydrive folders you have browsed
Thumbnails view, already announced by the Skydrive team a few weeks ago.
The new Windows Live Wave 2 UIThe ability to embed files in a blog post or web page, allowing users to download them from your Skydrive.