Snapchat! Am I behind the curve?

I've just heard about a lovely new internet service called "Snapchat" that deals with a lot of the problems people are having with Blogs and Facebook. Basically, you would like your friends to see the pic you just took at a party, but you don't want the creepy guy that is stalking you, or your parents or future employers to see it. What do we do...when online sites are creepy stalkers themselves and are collecting everything ever posted for posterity, or future blackmail attempts?

Snapchat, does not keep your photos, it deletes them as soon as your friends look at them. Your friends can save a shot, but the saving is recorded and you are notified. So...if your frenemy accesses your account and takes a screenshot of it, you can be prepared with complete denial. Also, you can remove said person from your friend's list. If, however, you want to send baby pictures to your Aunt in Iowa, she can save them without being cut off as a friend. Neat, huh?

Check it out http://www.snapchat.com/#