British Sky Broadcasting Group won a court battle with Microsoft last year and the settlement included an undisclosed amount of compensation and Microsoft agreed to change the name of its infringing SkyDrive product.
Now Microsoft has announced that Skydrive will be rebranded to OneDrive (link). They are promising that OneDrive is everything Skydrive is and more. What the more means is anyone's guess and Skydrive hasn't been the most popular consumer online cloud storage service.
No date of when the new service will go live but you can give them your email address and they will let you know.