I feel the same way. I like that they are consolidating, but part of this just feels like a new coat of paint. Further, I didn't see how this announcement fit

I feel the same way. I like that they are consolidating, but part of this just feels like a new coat of paint. Further, I didn't see how this announcement fits with the Office365 identities. Are those now going to "Microsoft Accounts" as well? Or are those still Office365 accounts? Can I use Hotmail with them? What's the difference between Hotmail and Exchange Online? Can I migrate back and forth? Unless something radically changed in the last 6 months, the two identity infrastructures are completely separate with one tenuous federation holding them together. And the two groups of products -- consumer and business -- will still be unnecessarily separate.