Difference between IMAP and "Exchange" account in mail?

Hi,
I'm using a Hosted Exchange 2007 account with Entourage 2004 actually. Now I want to try using Mail as an alternative application. As the server offers IMAP I could setup a new IMAP account in Mail and receive my Mails from Exchange. But Mail offers an "Exchange" account additionally. Can anyone explain me the difference between theese two Mail accounts? Is one better, faster or whatever?
Best regards,
Heiko

Exchange uses a proprietary mail exchange protocol, while imap is standard. You can use a lot of different mail clients on different platforms with imap, and you don't have to worry about synchronization or conflicts since its server based. When you establish an imap connection, though, you stay connected to the server, so it's a relatively high resource user. Exchange is more verbose, and although its fundamentally server based using different exchange clients from different places doesn't synchronize well. Exchange will also update your outlook calendar, while imap will not. If it's just for mail, I vastly prefer imap.

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