I've had this problem before and I got so annoyed I unistalled the program. So I decided to try again and the error massage reads:
Unable to send or receive messages for the Hotmail (melt_the_plastics) account. Windows Live Mail can't connect to the Hotmail server. To send and receive messages in your Hotmail account, go to http://hotmail.live.com
on the Web, or try again later.
Server Error: 5102
Server Response: timedout to ip 10.6.32.47:2000
Windows Live Mail Error ID: 0x8DE00002