Hi RTSMT,
The best way to create a shortcut to office live on your computer is to right click the desktop (or in any folder in explorer), new --> shortcut. For the location, type in http://workspace.office.live.com and click next. In the next field, change the name to Office Live Workspace, and click finish.
You can also create a bookmark in your personal browser to workspace.office.live.com. In either case, the Windows Live tile will come up, and you can select your user, type the password and sign in to access your workspace.
Thanks,
Scott