Yep, Beta versions of Windows Live suite (Wave 3) are now available for download. The download includes Messenger v9, Windows Live Movie Maker, Mail with Calendar synchronisation, Writer, Photo Gallery, Family Safety and the Outlook Connector.
You can choose from following two links to download. The first one will only download applications you need while the second one will download everything and you can choose which ones to install. Enjoy!
[Web-Installer] (990KB)
[Offline Installer] (134MB)
Live! Word 