Is this suspicious looking e-mail phishing?

I find this a suspicious e-mail: is it phishing or legitimate?

"This e-mail has been sent to you by Hotmail  inform you that we were unable to verify your account details. This might be due to either of the following reasons:

1. A recent change in your personal information. (eg:  address, phone)
2. Submitting incorrect information during register process.
                                
Due to this, to ensure that your email service is not interrupted, we request you to confirm and update your information today by following the link below

https://login.live.com/login.srf?wa=wsignin1.0rpsnv=11ct=1314335768=*** Email address is removed for privacy ***
  
If you have already confirmed your  information then please  disregard this message.
  
Regards,
WindowsLive 2012 member services."

Thanks
David