Agree, let's keep on topic. Exchange is a very important feature not only for users but also for Apple, since it is used extensively in the business community, a community which Apple would like to serve better.
To elaborate on the post I made above, I'm using Exchange on my mid-2010 iMac and my 2011 MacBook Air. As a test, I upgraded the OS in the Air from Lion to Mountain Lion yesterday. I had the same issue as everyone else.... Exchange didn't connect.
After reading several threads here, what worked for me was to go into Preferences for each of the Exchange-enabled accounts (e.g., Mail, Calendar, and Contacts). For each EXTERNAL SERVER, I added our OWA address (outlook.XXX.com), and checked the SSL checkbox (the SSL box is in the Advanced menu in Mail). I left the Internal server alone, using whatever the program set it to be. After changing the External server address, everything seems to be working OK and it appears to be sticking. I did this last night and this morning on a fresh rerestart of the Air, it appears OK.
My iMac is my master computer so I may not upgrade it to ML until I am sure this fix works, or Apple comes out with a fix.
Hope this helps folks.