True for Gmail (and similar, I'm sure), not so true for my corporate Outlook account where search sucks and is really slow, and has ridiculously tiny storage allocated so I actually have to archive older messages in an actual file...
Now I'm on Verse (http://www.ibm.com/social-business/us/en/newway/), and it has great search. I'll keep doing what I was doing, just with even less pain.