Microsoft Replacing Hotmail Email Service

This WSJ headline caught my attention because admittedly I am still one of the 350M users of Microsoft's Hotmail.  According to the piece, Microsoft has announced that they will be replacing Hotmail with Outlook.com.

Full WSJ article here

• Outlook.com also has a unified address book that contains contact information for people on Outlook.com, Gmail, Facebook, LinkedIn and other services. In emails with a contact from the address book, an Outlook.com user can see the person's recent status updates from Facebook, or recent Twitter posts, and click a button to start a video chat on Skype, the video-calling service Microsoft acquired last year.
• Like the current Hotmail, Outlook.com allows people to access a free, stripped-down version of Microsoft's Office.
• Microsoft is in the midst of overhauling many of its products, including the flagship Windows operating system, the Office suite, back-end software that powers computer servers, the Internet Explorer Web browser, and the Windows Phone smartphone software.