[joshuaheard]

This is very similar to the system in the book, "Getting Things Done", which is what I use for Outlook. The salient point is to use your inbox only as a temp bin for processing email. I create folders for all my projects and file emails there. I also have 3 folders: "Action", "Waiting", and "Bills". Action items are To-do items. Waiting is where I am waiting for a response, such as a delivery confirmation email. Bills are email bills to be paid. After acting on the email, it gets moved to the relevant project folder for archiving.