HTCmail: The New Exchange or Blackberry?

"HTC also today announced the launch of HTCmail, a fully hosted, secure, and managed email service based on Microsoft Hosted Exchange. HTCmail will bring the benefits of always-connected business to mobile professionals. The HTC offering provides seamless and real-time access to up to five different email accounts, either personal or work mailboxes, aggregated and instantly delivered to a mobile device through Outlook 2007. Features include email, contacts and calendar, enabling users to easily access information and communications while on the go."

As the Blackberry slowly fades away, OK I'm just being hopeful here, another way to do mobile email is perhaps on the horizon, for now it will be only in Europe. I am interested in how this plays out. I am curious as to how this works with Outlook as well. A little competition for Exchange perhaps?