If by this version you are talking about Vanilla 2 then yes, email alerts are available. Click on your profile, then choose "My Preferences" and choose how you would like to be notified.
Thanks Roguefoxx! But, I'm runnin v.1.1.5a (I'm upgrading to v.1.1.10 soon). I'm guessing its not available, but I'm a bit of a newbie here. Thanks for your help
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http://vanillaforums.org/addon/409/notifi
For reference, the features I would like to have are: