The current beta version of the product features Web-content filtering and activity reports.
Alan Packer, product unit manager for Family Safety and Reputation Services at Microsoft, told me in a recent briefing that OneCare Family Safety is just one of the ways Microsoft will support its various free OneCare Live services. The company first used the OneCare brand for its subscription-based PC health and safety product, but now says it will extend the brand to related products and services.