Does it exist?
I don't see how the system can implement the fundamental underlying algorithm and still work via email. I've written Spaced Repetition systems, one that works on the command line, another that works via a web page, and I'd be interested o now how you envisage something like this working via email.
The two main features are:
* putting in new information without switching environment
* getting automated weekly email digests
Like you, I wanted to avoid building habit around a separate app because that would require me to switch environment every time I want to write something, thus losing context of my current task. So I made Dnote work as a CLI, browser extension, IDE plug-in.
While I'm not sure exactly why you want an email spaced repetition, for me, the reason was that I never looked back at my past notes. The solution to this negligence was to automate the spaced repetition via weekly email.
I suspect we are trying to solve a similar problem. Hope my software can help.
But I am also cognizant that there's a context associated with different apps. I've been using AnkiDroid for over a decade now and the context the app provides (mental context that I'm learning something) helps me focus better. Email is usually a stressful context in my mind which reminds me of deadlines and tasks to complete; so I like to keep both of these contexts separate.
Would you (or anyone) pay for it? How much? It is interesting enough that I'd be willing to work on it.
I did so for a "Your random word for today." kind of setup.
It's not quite spaced repetition because the amount of time in-between repetitions doesn't vary but it's close enough.