Mail2Web has been offering free web and mobile access to your email for a long time. They've come along way from the early days. They now offer a free Exchange account with access via OWA and OMA. Recently they added support for Direct Push while still keeping the price at the incredible low level of nothing!
I was pretty skeptical when we received this news, so I setup an account myself and within a 10 minutes I'm doing free Direct Push email on my Smartphone. I had a little problems getting things setup, but it was totally worth the effort for the price.
If you're interested, all you need to do is head on over to Mail2Web Live and setup an account. Once you have your account setup, log into the Control Panel and under the Free Services tab, click on the last left menu item called "Mail2Web Live" and then "ActiveSync Settings". Make note of all this information, especially the domain. Now, grab your MSFP enabled Smartphone, launch the ActiveSync Client and press Menu/Configure Server and follow the prompts.
It may not be as feature rich as a true hosted Exchange account like the ones you would get from 4smartphone.net but I can handle that considering that Mail2Web is free.
Just wanted to clarify a couple things. First, Mail2Web also offers a full range of hosted Exchange services for a monthly fee, just like 4Smartphone. However, they're the only place offering free Direct Push email. And second, You need a Smartphone with AKU2 (with MSFP) installed on it for Direct Push to work. The only Smartphones with AKU2 at this moment are Qtek and i-mate.
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