Since I still have an old turn-of-the-century Hotmail account, Microsoft was kind (or whatever adjective may apply) enough to send me a link to the Brand New Services Agreement. I give them credit for (mostly) avoiding legalese.
And I did like this paragraph, onerous as it may seem to some people:
2.2. What if I can’t access my Microsoft account? If you’ve forgotten your password or otherwise can’t access your Microsoft account, you can recover your Microsoft account by visiting the Reset your password webpage. Microsoft doesn’t guarantee that your Microsoft account will be restored or your content (as defined later) will be safeguarded.
Especially since in 2.1 they tell you that you have to sign in at least once every 270 days, you miserable laggard.
Disclosure: Yes, it’s an old Hotmail account. However, it is used daily, now that Windows Live Mail is allowed to retrieve via POP3. (I despise IMAP.)