Finally Windows Live Spaces now supports Flash-based video which means finally we can share video from YouTube, MySpace, Google Video, MSN Soapbox and all the other video sites. Simply sign in to your Windows Live Space, make a new entry (or an existing one if you’re feeling adventurous), copy in the “embed” part on the same page as the video itself, click on “Embed videos” in Windows Live Spaces, and paste it into the box.

It’s really as simple as that - go to Windows Live Spaces or check the screenshots to see more.