My hotmail account cannot connect to Outlook IMAP on Mail App

Hi, anyone experience problem in setting up hotmail IMAP mailbox in Mail App Mac Lion.

It keeps saying login failed.

I tried on Mail App and Thunderbird but no luck with it.

Then, I have created 2 new account @outlook.com and @hotmail.com and proven there is nothing wrong with the app or setting.

Can any of you suggest any possible cause of this ?

By the way, my old hotmail account has many folders and email since it is 14 years now.

Question about Outlook Express