Your Microsoft Office Live Workspace documents and permissions will be moved to your Windows Live SkyDrive account within the next two weeks.
If you want to upgrade sooner, you can do so at any time.
With your free SkyDrive account you can:
Your documents and permissions will remain intact after the upgrade. No action is required, although you may initiate the upgrade on your own if you prefer by signing in to your Office Live Workspace account using your user name and clicking Upgrade now.
(information received via Newsletter)