In the period where all in Microsoft is "Live", today was out an interesting news from John Montgomery's blog: Microsoft is making a team to work on a "Live" version of Visual Studio.
The idea is undoubtely fascinating, altough I can't see at the moment how a Visual Studio "Live" could be. What could be the features?
I think that a "Live" version must have a clear scope: be connected with the outside world! "Live" could assume the meaning of a distributed development platform, where companies and teams can share projects, work together on a single project, share their plans.
A "Live" version must be integrated with other "Live" tools, such as Office Live, Windows Messenger Live and (maybe) the future Windows Live. A "Live" platform could have an integrated hosted environment where to test projects (I'm thinking for example to ASP.NET projects: no needs to have a web server on the machine, but it could be on a shared server on the net).
But now the big question that I've in mind: will be really useful a Visual Studio "Live"? Is development one of the activities that can be easily done on the web? Obviously we've actually not enough element to say how this new "Live" toy will be but someone of the team have to think what the developer will really need.