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Recently I have been using the rebranded and updated Hotmail, Outlook.com. Outlook.com is not only a vast improvement over Hotmail/Livemail but is a good rival to Gmail.com if you are looking for a simple clean online inbox for reading and writing email. Gmail has many more features but they are only useful if you use them.
Things I like: The clean simple look. The ability to create an alias email address or change the address all together.
Things missing: IMAP (POP is still the only option).