smtpd.py

class DebuggingServer(SMTPServer):
    # Do something with the gathered message
    def process_message(self, peer, mailfrom, rcpttos, data):
        inheaders = 1
        lines = data.split('\n')
        print '---------- MESSAGE FOLLOWS ----------'
        for line in lines:
            # headers first
            if inheaders and not line:
                print 'X-Peer:', peer[0]
                inheaders = 0
            print line
        print '------------ END MESSAGE ------------'