Google's (proposed) GMail offers 1000 Mb of space! And its apparently FREE! But is Google heading for "world peace through world domination"? Only time shall tell!
Update: Welcome me to the G-mail club. Logged on into blogger just like Kiruba and Dev found myself an invite to test drive Gmail. My addy is anantha(at the rate of)Gmail.com. I have'nt really looked into all the features yet. However, I will do so in a couple of days and post my picks and piques!