DVH Letter Opener is a more elegant solution. Outlook/Exchange encoded attachments are just there. This is a true plug in, it's operation is transparent, and in true Mac spirit it just works.
If you are a home user and don't mind the several steps to use TNEF's Enough - that program works well. If you have to deal with a hundred emails a day and don't want to have to deal with "missing" attachments and having to move them to proper folders after decoding - Letter Opener is a faster solution. The developer has done a great job. For true "Exchange" compatibility Apple really should have this function built into Mail.
(Version 3.0.1)