Windows Live SkyDrive today made two announcements:
You've made two things clear since our first release: You want more space; and you want SkyDrive where you are. Today we're giving you both. You now have five times the space you had before — that’s 5GB of free online storage for your favorite documents, pictures, and other files.
and
SkyDrive is also available now in 38 countries/regions. In addition to Great Britain, India, and the U.S., we’re live in Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Denmark, the Dominican Republic, Ecuador, El Salvador, Finland, France, Guatemala, Honduras, Italy, Japan, Mexico, the Netherlands, New Zealand, Nicaragua, Norway, Panama, Paraguay, Peru, Puerto Rico, Portugal, South Korea, Spain, Sweden, Switzerland, Taiwan, and Turkey.
They also threw in some bug fixes and improved the speed and reliability. They are so sure of what they have accomplished that they removed the beta tag. So I guess they are not going the route of GMail, which is still in beta.