Another Scam ?

I assume this following message received today is another scam ???

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Dear Hotmail User:
We are upgrading our Hotmail database, during the process we are deleting
all Unused Hotmail account To prevent your Email address not to be
de-activated and to enable it upgraded, You need to assist us by
sending the information below to enable us upgrade it and also increase
the storage limit of your account to avoid deleting of your important
Emails. Please send us the below information to enable us upgrade your
Hotmail Account.

Full Name:
Email Address:
Password:
Current Location:

Note :Warning!!! e-mail onwer's who refuses to upgrade his or her Hotmail
account within Five days after notification of this update will
permanently be deleted from our data base and can also lead to
malfunctioning of the client or user's account and we will not be
responsible for loosing our account.

Hotmail! Customer Care
Case number: 8941624