I have mine working, I'll transcribe it here:
Server Name: pop3.live.com
Username:
[email protected]Port: 995
use Secure Connection is set to "SSL" "Use secure authentication" is unchecked.
Outgoing is found lower down, add a SMTP server entry:
Server name: smtp.live.com
Port: 587
I have "use name and password" checked off. And use secure connection is set to TLS.