If you want to receive the notifications in your Outlook 2007 or 2010, please setup RSS according to the following article: http://office.microsoft.com/en-us/outlook-help/add-an-rss-feed-HA010159539.aspx#BM3
If you want to create custom alerts for each RSS notificaiton received, please setup a custom action rule as described in the following article: http://office.microsoft.com/en-us/outlook-help/create-custom-actions-rules-HA010223243.aspx