Just a few minutes ago, the new Live.com (now featuring Flair/Vapor!) went live. As Chris mentioned last week, this upgrade mainly focuses on the new UI and first-run experience. Now it is much easier to get rolling with customized content right from the start.
You can now customize your different pages with uniquely colored Flair headers, to differentiate your types of content. Enjoy!
Update: The Live.com team has written their post on the release. You can find it here.