Art,
What Xayd said. (say THAT ten times real fast!)
If you're using Exchange, you're partway to programmatically extracting the body of the message. If Exchange and IIS are on the same box (AND you have OWA installed), you're almost there.
You can "steal" a lot of ASP code from the OWA site that will allow an app to log into Exchange, go to a folder, and retrieve all the messages or ones with a specific subject, from, or to line. The BODY is what you're looking for at that point.
Since the ASP code is VBScript, you can change it to straight
VB.
After you get the message you want and open the body of it, the rest is an exercise in parsing to find the part of the body you want, and, say, write it to a text box.
I'm not laughing, either. This very thing (sans the TVs) is part and parcel of a lot of collaborative applications.