Outlook Update
Yes. I have been using Outlook completely for about a week now. I am a happy camper until now. No mishaps. I have set up a few filters. I am wholly on INBOX ZERO (an idea, I had read about in fellow blogger Merlin Mann's 43 folders).
Basically, every email that lands in my box gets a priority/action associated with it. It either gets filed into a folder, or gets deleted, or stays in my INBOX if it requires an action from me. It gets a red flag, if it is a deadline oriented task (or has an appointment linked to it - so that I will not have to toggle to/back from the calendar mode).
So far so good.