I sent a vCalendar message to Outlook which results in a new Event in Outlook Calendar. How to set "Show As" field? (Free/Busy/Tentative/Out of Office)
I saw this line in the .ics file created by Outlook 2010
X-MICROSOFT-CDO-BUSYSTATUS:FREE
so it looks like Microsoft has "extended" the vcal spec to suit their purposes. I can confirm that adding that line does work when a feed is viewed in Outlook and seems to cause no harm when consumed by the iPhone's calendar app.