I payed the $50 bucks to Rick Butts for his Bloging and Pinging Videos and have tested it and yes it works
Blogger is actually haveing a few problems right now with their add content by email function (about 20% of the posts do not get posted)
I've built a couple sites around this theory and was going to launch one tomorrow or Saturday but since you asked I'll give you a sneak peak
http://www.hot-latina-links.com if you have Latina free sites, galleries blogs etc. your welcome to submit them and see for yourself.
The other site I have will except all niches
So you can save yourself the cost of Blog Burner because I'm doing it for free