Microsoft's Live family seems to contain more components than it was expected by users. According to a post on Bink.nu, which cites liveside.net, Microsoft will soon announce the Windows Live Video service.

The author says that new service will allow users to share their own video content and that it will compete with the existent Google Video and YouTube.

However, contrasting to another recently announced product, Windows Live Search, which will eventually replace MSN Search, it's unlikely that Windows Live Video will imply the death of the MSN Video service.

Similarly to Google Video, the new service will let uses to buy and sell premium content.

Livenet thinks that the service will be publicly available in this year's April.

As part of the same Live suite, Microsoft also announced Windows Live Family Safety Settings Free, a free service that will allows parents to monitor and filter the online activity of their children, and Windows Live Mail Desktop, a new e-mail client that will eventually replace Outlook Express.