Like everyone I know I have a Spam filter on my email, unlike many people, some of my real mail looks a bit spammy to the filters so I always need to check my spam folder before deleting.
There's some interesting things about this spam.
- It's absolutely minimal. The headers in the email contain almost nothing and the body of the email contains only the image.
- There isn't even a link, which is why the image tries to get the user to manually enter the spammer's URL.
- The image is low quality and distorted -- probably to try and defeat optical character readers.
- It still doesn't work. Google's spam filter (and I assume other major filters) detect it with perfect accuracy. As they keep coming, I can only assume that sufficient minor filters don't.