I once spoke to someone in the know about this, and the main reason is that it's quite expensive for them to do any reasonable job with stemming, etc.
I know that sounds weird (but it's google, they're omnipotent!), but it makes sense: It's worth their while to stem content they crawl and index off the web, cause everybody could in theory access any given page. However, with email, the only person who'll ever benefit is the recipient.