IMCapture has released IMCapture for Microsoft Messenger:mac (http://macte.ch/G67J1). The software is designed for capturing and recording your video and audio sessions made by Microsoft Live Messenger.
With IMCapture you can create recordings and save them into various video and audio formats. The program supports MP3, MPEG4, MOV, etc.
You can publish these files on Internet resources, share with colleagues and family members, and watch them repeatedly. IMCapture for Microsoft Messenger requires Mac OS X 10.5 or higher. It costs US$49.95 for a single user license.