Beta Labs note that this is not an email client. "You will continue using the existing email client on your device. If you’re already successfully using Ovi Mail on your device you don’t need to install this."
In other related news, Ovi Mail has also launched an update to its webmail interface. "We have simplified the navigation on the left and made it more consistent from page to page. And we’re trying to keep up with the global expansion of Ovi Mail and have added 4 additional languages: Thai, Simplified Chinese, Russian and Finnish."
Go to https://mail.ovi.com to see these changes.