Live Mesh Folders At first glance it appears to be a internet based file sync tool with the added ability to share the folders with friends and family. All files must be sync'ed up to the online storage, although it also appears to sync directly across the local network.
Remote Desktop There is also the ability to create a type of remote desktop session. Sitting at home on my local network it doesn't appear to make much use of p2p technology as a remote session between my desktop and laptop is painfully slow compared to a standard remote desktop connection.