Another Hotmail security vulnerability discovered

Security Portal has a security news article regarding a new Hotmail vulnerability. The exploit works by injecting and executing JavaScript code into an e-mail message. Who is affected you ask?
This exploit works both on Internet Explorer 5.x (almost sure IE 4.x) and Netscape Communicator 4.x.
I think at this point we should just assume that Hotmail is not going to be secure.
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