I think it would be a good idea for the Windows Live Mail taskbar to have the option in settings to blink when you have an unread e-mail, just like Windows Live Messenger does when a contact sends you a message.
i use trillian instant message client and it monitors all my email accounts for me it even lets me know if i have any facebook messages.
so when i get mail i have a little pop up box with the info what the subject of the mail is and who from
its really handy as i can choose whether to deal with the mail or leave it.
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