I am not alone. Thank you!!
Having the same questions and wishes according to backup.
It is not that I do not trust Office Live but I feel better when having a backup because I invested a lot of time to create workspaces, documents, task lists etc.
BTW: Isn't the default amount of storage for Windows Live ID owners 2 GB? Ups... just looked at my SkyDrive: 5 GB! I assume that this store is also used by Office Live?
Programming is a kind of art but not all programmers are artists.