If you use your email client to write to different users, you might want to customise your messages depending on the recipient. For instance, if you write to the boss, you might want your email to be formalm with a particular signature. Write to your customers and it could be more informal with a basic signature, as you might not want them calling you on your direct line.
Live Signatures 2.1 is an Outlook add-on that will enable you to customise your email with pre-configured information. You could add a disclaimer for emails sent to recipients outside your company and add your date, time and even the songs you're listening to through your audio player. Whether this should be a free product is debatable.
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