It looks real, but extremely ugly.
If I was in charge of the development of that ugly piece of software I would throw it away right now...
Edit:
Is microsoft on advertisment-spree or something. I see a video ad in the main window and, again, text ad under the convo window and AGAIN... butugly tabs
![:dodgy:](images/smilies/dodgy.gif)
(
![8o|](images/smilies/msn_bareteeth.gif)
)