It is in Spanish but it is very easy to understand:
When you run WLM Universal Patcher you will be able to:
Clone the application, so you will be able to be logged with different users.
Quit the Banner.
Quit the mini ads bar
Quit MSN Search
Quit the control panel
Run it prior WLM check/uncheck he features you want to appear or not and then run Windows Live Messenger and enjoy it as you want.