Netvibes, Pageflakes land investors, Live.com leaves

Netvibes, your personal Ajax home page, similar to Pageflakes got also funded from Accel, who joined the existing investor Index Ventures. The deal closed last month and was valued at $15M, which is one of the largest this year for a European company. Pageflakes is also known to have money from another VC Benchmark. What here got our attention once again is the sudden move of Microsoft.com’s Live.com initiative by removing anything that was looking like Netvibes and Pageflakes and left only the search engine.

Is it a sign from Microsoft that this business model is not working very well?