As for email, to me it just doesn't serve the same purpose that IM does. It's analogous to sending letters back and forth as opposed to having a face-to-face conversation -- the increased time lag between replies encouraged by the medium has a huge influence on the nature of conversations that occur through it.
I still use email, for example when I want to send something more in-depth to someone and I don't expect a quick reply. But it's not the right tool if I want a real-time, informal conversation with someone, which is most of my conversations.