Microsoft’s new YouTube competitor will be all about user generated videos if its name, Soapbox, is any indication.

There aren’t many details yet, but LiveSide is saying this will be a MSN, not product, and will eventually be launched at The feature set includes:

- Upload videos in almost any format—like from your video or digital camera (maximum file size is currently 100MB)
- Tag and categorize your videos to make it easy for other people to find them
- Watch original videos and browse for new ones at the same time
- Set up your own personal RSS feeds for videos you’re interested in
- Use your Windows Live Spaces profile with Soapbox on MSN Video
- Embed a video on your Web site or blog

Get the full story at TechCrunch