Windows Meeting place allows Windows Vista users to a face-to-face collaboration among small groups of windows vista users. It is completely different from the Microsoft Office Live meeting office live meeting is a browser based application and runs over the server where as the Windows Meeting palace is a peer to peer application and does not require any server installation.
Setting up the Meeting: Setting up the meeting is very easy. One person initiates a session in Windows Meeting Space. This sets up the meeting session and enables the organizer to invite attendees and send them the password to use for the session. Others can join it, share files, or see the same view of a program or desktop and collaborate in real time.
Discovering sessions and people near you: You can easily discover the sessions occurring nearby on a local network or on private ad hoc (PC-to-PC) wireless networks. You can also invite other network people to join you for the meeting. You can invite remote participants via e-mail or a file, if your network supports Internet Protocol version 6 (IPv6) global connectivity. When potential participants receive an e-mail invitation, they only have to click it and enter the password established by the session creator.

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