I am not sure if you are referring to an exchange account (or) the regular Hotmail account. Exchange works just fine (but stock email does a better job). With regards to Hotmail account it supports pull (pop3) alone at this time. So yeah push is unsupported
But the UI has been significantly revamped and the two main features that I've longed for... are now available
-auto fit to screen
-email thread view
I've been using the app for close to 5yrs and I've been happy... Although.. I do agree that you have to carefully configure the polling to prevent excess battery drain.
Nexus 4
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