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Microsoft has just released version 1.01 of Windows Live Messenger for iPhone, and it’s available for download now from iTunes.  This new app brings Windows Live Messenger, Hotmail, Windows Live social networking and more to the iPhone and iPod Touch.  From the website:

Chat:
Instant message with your Windows Live Messenger and Y! Messenger contacts on the go so you’re always connected to the people that matter most. You can even receive IM notifications when your app is closed so you never miss a message.
Social:
Windows Live Messenger gives you one place to view the updates your Messenger friends are sharing from social networks like Facebook, Flickr, MySpace and more, helping you cut through the clutter on the go.
Photos:
Upload photos right from your phone to share your favorite moments with the people that matter most. Create albums, add captions, and let your friends and family comment on your photos.
Hotmail:
Access your Hotmail account without leaving the app to read, reply to, and compose emails. Get email notifications within the application so you know when you have new messages.

Version 1.0.1 of the app, released June 21, 2010, weighs in at 7.2mb, is available in English and French, and is “compatible with iPhone, iPod touch, and iPad. Requires iPhone OS 3.0 or later”.

From Redmond Pie, via pp2 of LiveSino.net, thanks all!