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Outlook's url seems to be on the live.com domain... confusing at best. Let's make a comparison of url's from the "home" view:

Does the URL really matter that much? I agree it's not unimportant, but I don't think it's a big deal. The program itself is much more important

It matters from a security perspective. A bad or inconsistent URL, especially a hostname that isn't instantly recognizable, makes phishing easier.

Did you miss that it is still a preview?