here is th info that worked for me on this scenario, this only works for POP and it downloads only the inbox.

1) set POP server to: pop3.live.com and use the default port (995)

2) on usernameputit just like you where using Hotmail web site (mymail@hotmail.com, mymail@live.com, etc.)

3) use SSL under secure connection.

4) use “Normal password” under Authentication method.

Done, this should do the trick, if you have any questions please leave a comment.