For the sake of posterity and future reference, here are the full offline setup files for the two most recent versions of Windows Live:

Windows Live 2009
http://wl.dlservice.microsoft.com/do...lsetup-all.exe
134 MB, direct link the the wlsetup-all.exe


Windows Live Essentials 2011
http://redirectingat.com/?id=2728X59...11-released%2F
155 MB, direct link to the wlsetup-all.exe