Windows Live Hotmail will begin to roll out an update starting today.  The new release does away with the “full” and “classic” versions, and combines the two into a simpler, faster service.  Included in the new release:

• Enhanced address book, allowing customers to easily see emails they’ve exchanged with contacts and keep contacts in one consolidated place to use across Windows Live services.
• Ever Increasing Storage - 5 GB to start, with an additional 500 MB per month if customers hit their limit
• Integrated web-based IM with Windows Live Messenger*
• Improved spam fighting technologies that significantly reduce spam.
• Integrated calendar features and Outlook Connector.

*Some features will take several months to reach all users globally

Leave us a note in the comments if you’re seeing a new, improved Hotmail