Read this, and if its a good friend sending you theses emails, then suggest that he change his Outlook settings. I know you said hotmail to hotmail, but perhaps he has his hotmail setup in Outlook since this is typically an Outlook problem. I got it from
http://www.pchell.com/support/winmaildat.shtml
What is this winmail.dat file?
Many times you might receive an email with an attachment called winmail.dat. The file is sent from people using Microsoft Outlook as their email program. The file allows Outlook users to send Transport Neutral Encapsulation Format (TNEF) information along with the email so that it retains the look and feel of the document with formatting, fonts, and colors when its received by another Microsoft Outlook user.
Unfortunately, the file is only relevant and used by Microsoft Outlook. Users of Outlook Express, Eudora, Netscape Messenger, and other email programs will receive the attachment called winmail.dat with the email.
The file is attached to the email because the original sender is sending emails in Microsoft Outlook Rich Text Format instead of Plain Text format.
How to Configure Outlook NOT to send Winmail.dat attachments
To Turn off Rich Text sending for messages in Microsoft Outlook
1) Click on Tools
2) Click Options, and then click the Mail Format tab.
3) In the Send in this Message Format list, select Plain Text, and then click OK.
This will set your default sending method to Plain Text, which will lose your special formatting options with fonts, colors, etc. However everyone, no matter what email program they are using, will now be able to receive your email with no problems.
There is more information on this topic in the Microsoft Knowledge Base
What if I Want to View the WinMail.dat file?
If you want to view the winmail.dat file and see the message, there are programs that decode the file and allow you to view it. Listed below you will find some of these programs.
Fentun
Will work on Win9X, NT, and 2000 computers. But does not work on Windows XP
WMDecode
Program using a simple drag and drop procedure to view winmail.dat contents
TNEF's Enough
Macintosh program to decode winmail.dat TNEF attachments
I realize you downladed WMDecode and you weren't sure how to use it, so here is a brief:
Installation
To install WMDecode, copy the file WMDecode.exe to your PC. I leave it on my desktop and drag winmail.dat files onto it. The decoded files then get created on the desktop and I can then move them where I want them.
How to use it
Run the program with the filename of the winmail.dat file as the first argument - or drag a winmail.dat file onto the WMDecode icon.
Hope this helps!