IMAP Problems with Windows Live Essentials 2011

Got a new update from Windows Live Essentials today, and I’m seeing repeated server disconnection issues. Every time I open a piece of mail, or try to send one, I get the following popup - any thoughts?

Your IMAP command could not be sent to the server, due to non-network errors. This could, for example, indicate a lack of memory on your system.

Account: Ferroni (cam)
User name:
Protocol: IMAP
Port: 993
Secure(SSL): 1
Code: 800ccc0e