Is This A PHISHY EMAIL?

Just got this alert that my hotmail account is going to be deleted...They want my name,dob,username,city,state,country,and PASSWORD?? Is this a PHISHING expedition, or the real thing? Here it is:

Dear Account Owner

This Email is from Hotmail Customer Care and we are sending it to every Hotmail Email User Accounts Owner for safety. we are having congestions due to the anonymous registration of Hotmail accounts so we are shutting down some Hotmail accounts and your account was among those to be deleted. We are sending this email to you so that you can verify and let us know if you still want to use this account. If you are still interested please confirm your account by filling the space below.Your User name, password, date of birth and your country information would be needed to verify your account.

Confirm your E-mail by filling out your Login Information below after clicking the reply button, or your account will be suspended within 48 hours for security reasons.

* Username: .............................
* Password: ................................
* Date of Birth: ............................
* Country Or Territory: ................

Sincerely,
The Windows Live Hotmail Team
Windows 7: I wanted simpler, now it's simpler. I'm a rock star.