Hi,
if you are like me, then you are extremely annoyed by the fact that Windows Live Messenger will always locate the contents of the Shared Folders on drive C:\ and in an annoyingly deep directory structure.
I found out how to change this, and e.g. place the files on another drive D:\ or at any other location you like.
For details visit
http://msgplus.zwobot.com and scroll to the bottom.
Regards,
rh