Microsft has recently launched a neat service called Custom Domains or Bring Your Own Domain (BYOD). This service will host e-mail and IM for you in a domain you already own.
Here’s th elist of perks:
Create up to 20 e-mail accounts within your domain Get a 250 MB inbox for each account* Check your e-mail from any Web-enabled PC Junk e-mail filter protection using Microsoft SmartScreen technology Virus scanning and cleaning of e-mail Seamless access with MSN Messenger, MSN Spaces, etc.
* 250MB inbox available only in the 50 United States, District of Columbia, and Puerto Rico. Eligible Hotmail users will first receive 25MB at sign-up. Please allow at least 30 days for activation of your 250MB storage to verify your e-mail account and help prevent abuse. Microsoft Corporation reserves the right to provide 250MB inbox to free Hotmail accounts at its discretion.
Max has a short guide posted here on how to set it up with your hosting account. A great alternative to freeing up space from your blog hosting accounts.
(from TechCrunch via Connected Internet.)