God of the Devil, i agree with most of your suggestions (besides the IP one...), but... totally disagree about your critic on features you even didnt try!
For example what they say now is that you can have a DIFFERENT name for each convo. Very handy in chat convo's with your girlfriend
And color changer is not only: "use windows color theme", you can just give MSN any color you want, like Windows Media Player.... And although light blue combination is the most beautifull one (i think..), it can be boring after long time...
Other features are nice as well... But i dont bother to tak about all of them