Create Hotmail/Live account on evolution:

add your information then go to the next tab Receiving Email and set it to pop type account and the server as pop3.live.com you need to also set the ecryption type to SSL.

That will allow you to get you email from your hotmail account to your Evolution Inbox, now to send email, on the Send Email tab set to smtp the smtp server is smtp.live.com you need to select the authentication method to TLS and you server require authentication also set your account user name.

Now your are set you can send and receive emails using you Hotmail account from evolution. Enjoy.