I always assumed so - because Google can index them full text. It used to be the case that you could see those full snapshots in Google as cache - this was before the sites strong armed Google to remove those snapshots from being accessible, then archive.* folk rose to power. You can test this yourself for searching for a unique quote on those sites and still getting hits in Google. But you are right - why could this not be achieved with a plugin then - don't know.