The LiveSide blog points to a blog post which shows Microsoft has launched Windows Live Translator Beta.
You can translate from English to German, Dutch, French, Spanish, Portuguese, Italian, Korean, Chinese, Japanese, and Russian. It supports up to 500 characters and uses Systran, but can override the Systran source with their own in-house translations.
Google Operating System goes deeper into this translation service.
Aside from Microsoft, there’s the classic Babel Fish translation service, which Yahoo acquired. Also, Google offers translate services, which were recently upgraded, as do many other companies.
ResourceShelf noticed last week that Microsoft acquired some domain names related to this live translator service.