An update to Live Favorites has just been released. sporting a modified UI and a few new features.
– A preview pane for viewing webpages within the Live Favorites website, however unless you have a widescreen monitor it appears difficult to use in its current form. (Screenshot 3)
– A new toolbar plugin is available, which allows users to automatically synchronise their Live Favorites with their local favorites. (Screenshot 4)
Update: The team blog has more details.