Yes, live mail can access mail accounts via pop3 or imap.
After spending 5 + hours on it last night, I managed to add my Shaw e-mail accounts to WLM. The e-mails download fine - automatically actually. However, I cannot forward them on. They simply sit in the Outbox. I cannot create a new e-mail in one of the Shaw accounts and have it sent either.
I have tried using Sync and my g-mail account works just fine - however, I get an error message for my Shaw accounts. I would like to have some control over the download process.
My main problem now is getting WLM to send from Outbox. Google solutions were to change the port - I tried that with no better results.