A lot of people count on Microsoft Exchange for their business and unfortunately, Android doesn't offer much Exchange support. This seems like a negative for Android, right? Well, not quite!
A savvy third party developer has come up with a way to sync Exchange contacts to your Android device and is offering it for FREE. It's still taking baby steps since their isn't two way syncing yet (android device to server based contacts) but they promise to add it soon. This obviously isn't the most ideal solution for Exchange but calendar syncing isn't available in Android's API and you can access Exchange E-Mail through IMAP, so it should do. for now.
Or until we get Mobile Outlook.