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No, but you can get Windows Live Mail for Windows XP in Windows Live Essentials for XP.
It works with Windows Live Mail 2011 on Windows 7 and Windows Live Mail XP on Windows XP or Vista, as well as Outlook Express and Windows Mail.
how to reset password for windows live mail
Yes Windows Mail is available for Windows XP as part of Windows Live.
Check out the related link to learn how to change the language in Windows Live mail.