Yes but the receiver of your email doesn't necessarily have to delete your email, which is the key distinction of what makes the service useful.
What makes Snapchat popular is their use of pictures. Turning the thesis of your point into a totally public, 160 character or less, textual format is effort. A lot of effort.
Pictures are what they are. They're also extremely difficult to parse (no practical reason to retain your message, deletion is a cost effective decision), and they're the easiest thing in the world to make. Who wants to carefully word your tweets when your camera will do?
Social media novelty machine 2.0.