I keep my hotmail around for registering to various web sites/forums and when I order stuff online, helps keep the Gmail free of spam. I have not had issues being able to access my account but I did notice when I log in it takes me to my junk folder not my inbox.
The update is being released in clusters, some had the problems for three days, mine just started today. I hope they discover soon why some are affected worse than others and arrive at a solution.
