Here is a compilation of top Windows Live Hotmail Help topics by Scott of Windows Live Hotmail Technical Support, which is about what you can do in Windows Live Hotmail Mail Settings. We may have been using Windows Live Hotmail for long time but may not have checked what are the things you can do with its settings. There are lots of things you can do with it. Check out the list compiled by Scott .
These are taken from http://help.live.com, where all other articles can also be found.
I'll add to the list, about the new settings option available recently of i'm initiative added now to Windows Live Hotmail users also. Hotmail users can also join i'm Initiative
Also another of the option I am using it is 'Automatically sort e-mail into folders' (Options > More options..> Customize your mail > Automatically sort e-mail into folders) thus putting all the mails from a particular user put in a separate folder. This is one of my favorites.
Check out these options and use them according to your convenience to make your experience with Windows Live Hotmail , a great one !