I'm running Mail 3 on Leopard, and all my accounts are IMAP, I just found something that surprised me (it could well have been there all the while).
When I had the following in my clipboard:
,
random.
...and paste whilst looking at an inbox in Mail, it created a new unread email with the contents as:
random.
So, if you copy this:
From: steve@apple.com
Subject: You're hired
Dear thingy,
We liked your mad skillz so much, we're going to
throw money at you.
And paste it in to Mail, you'll find a new email.
Might be fun for a practical joke at some point...