Is It Possible To :
 

Is it possible to set emails to automatically generate thread.

For example, if any emails are sent to a specific email address, vbulletin recieves the email and automatically turns it into a post.

Well, possible yes, if you have some server side settings.

you can look into Chen's profile, he did a quite similar hack for vb2 once. i'm sure you can get the technique out there :)

What's his User Name ? Chen ?

yes his username is Chen