Some things we been doing for so long that we forget why we do them at all.
The reason you confirm a password is because you can't see the password, and so you never know if you mistyped it. Confirming an e-mail address, in a normal text field, is just stupid busywork.
So, elegantly, two different issues use the same simple solution.
The better solution is to send an e-mail with a confirmation link upon signup. This also protects against deliberately falsified e-mails, and against typing it incorrectly twice, and against folks who automatically copy & paste when they see "Confirm your..." And it's only a tab switch and click rather than having to key in a few dozen characters, which matters even more in the brave new mobile/tablet world.
Edit: Sorry I kind of misread your comment, but what I said is half relavent. None of the protections you state you get without forcing them to click the link before continuing.
A feature like this should probably be considered based on the expected type of user vs. the convenience of signing up quickly. Non-technical users where there isn't a significant dropoff from the signup form => probably a good idea.