The new way they did personal lists is AWFUL. No descriptions, and now it's think and bold links. Why fix something that wasn't broken? I wanted them to making reordering lists as easy as drag-n-drop, not a renumbering system.
And Friends of Friends is only useful if you can find friends in the first place. Live Spaces ISN'T a social networking site since there's no networks, so you have to rely on your e-mail contacts. Which is dumb.
Still waiting for BETTER gadgets, better module customizing (think Netvibes!), Live Groups, and a bazillion things I've been waiting on forever. Live Spaces just isn't as robust as the other web 2.0. sites that have similar offerings.