The current version of Universal Email does not have the capability of tracking bounced emails.
It is also not suited to being used for creating a mass mailing system. Most hosts will have a limit on the number of meilas that can be sent at one time, Universal Email will send all of the email at one time. depending on the size of your mailing list, you wil encounter the servers limit.
I dont have a release date, but these are features we will be adding into the next release of Universal Email.