Finally the day has come where I am able to use Windows live writer ( by far the best free blogging client) along with code snippets. After some research , I found a simple work around as most of the content available was for the wordpress platform.
Head over to https://gist.github.com and create a free account. Once you do that, create a new public Gist as in the snapshot below
Copy the Embed URL into the source view of the Windows live writer.