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Exchange server is $10 per month at Rackspace [1] I've heard good things about Microsoft Office 365 as well. Then, there's always Google Apps for Business...

[1] https://www.rackspace.com/apps/email_hosting/exchange_hostin...

Been using Office 365 for a year now. Never had any problems. I'd suggest it over GApps for business if you are looking for a paid service.

Are you paying $150 per user per year? What is the most important feature/component for you?

Having transferred companies to both O365 and GApps from Exachange I really have to say that O365 is a horrible product. It is slow and nearly everything about the back-end seems like it was put together in haste.

I use Kerio (which is available either hosted or you can do what I do and self host). I'm technically a reseller, although I've never sold their hosted product. I think pricing is lower than Google Apps for Business, but who cares within a factor of 2 or so?

It's exchange/activesync. Works great.

I'm looking at eumx.net at the moment. Fastmail.fm and Polaris were other possibilities.