Microsoft has renamed its Fremont project to “Expo” and have put up a landing page, complete with a request for email once it launches. They have also included a screenshot:

The Expo team, led by Garry Wiseman, has also posted information about the service, which will be tightly integrated with MSN Messenger and MSN Spaces. Listings will be free:

What it is
An online marketplace and social networking site

What it gives you
• Free ads that are easy to post
• Browse through a wide range of categories ranging from merchandise,
events, personals and services
• Keep your dealings within a trusted network like your MSN Messenger Buddies , friends or co-workers; or open them up to anyone
• Find listings just in your area, nationwide or anywhere in between
• Add your listings to your MSN Space with one easy click
• Get detailed maps and directions for things like garage sales, homes for sale or concerts
• Communicate with people via MSN Messenger right from Expo’s site

I have been testing the service, and there are features that are top notch. This is going to be an impressive product.