SSL connections are not supported.
Cannot form a network communication object.

Just a heads up to anyone else experiencing this problem. You get this error when you try and sync an SSL enabled POP account through HotSync. Versamail's desktop client does not support SSL, it only supports SSL if you connect directly to a source like Gmail directly through your phone (yes I know, I just discovered this and now think that VersaMail sucks).

Currently there is no workaround for this that I'm aware of (replies welcome on any workarounds known for those of us that want to sync with our GMail accounts for example using HotSync).