This is pretty welcome news, would be nice if it was IMAP support but we are talking about Microsoft afterall
Windows Live: Hotmail Finally Enables POP3 Worldwide
POP server: pop3.live.com (Port 995)
POP SSL required? Yes
User name: Your Windows Live ID, for example yourname[at]hotmail.com
Password: The password you usually use to sign in to Hotmail or Windows Live
SMTP server: smtp.live.com (Port 25)
Authentication required? Yes (this matches your POP username and password)
TLS/SSL required? Yes