Hotmail has just activated POP3 access. This means that you can finally check hotmail directly on your iPhone. Below are the settings you need to use to set up a new POP3 email account on your iPhone.
POP server: pop3.live.com
POP3 Port: 995
POP3 SSL required? Yes
User name: Windows Live ID, for example email@example.com email address
Password: The password you usually use to sign in to Hotmail or Windows Live
SMTP Server: smtp.live.com (Port 25)
Authentication required? Yes (your POP3 username and password)
TLS/SSL required? Yes
You can also use this Hotmail POP3 setup information in Gmail to import your hotmail messages into Gmail and use Gmail instead to manage your emails.