Moreover there are reasons why texting evolved as the popular application of the underlying technology SMS, which supports many other forms of broadcasts. (including the killer idea)
Excerpt from Wikipedia
Most thought of SMS as providing a means to alert the individual mobile user, for example, of a deposited voice mail, whereas others had more sophisticated applications in their minds, such as telemetry. However, few believed that SMS would be used as a means for sending text messages from one mobile user to another.
Read on - http://en.wikipedia.org/wiki/Short_message_service
Communication is wide and varied, and SMS is a choice in communication. Trying to replace SMS with voice is like saying that one should replace email with telephone calls. The applications are different, and people use it for a different type of communication.
But, text messaging is considerate to the receiver, as it lets the receiver consume the message at their own time, while a call would have to interrupt the person whatever they are doing.
Text is better in very noisy environments, bars/clubs/concerts.
In Europe at least, texting as always been a little bit cheaper than a phone call, and the receiver usually doesn't pay for received messages.
Just like me writing this message to you - I can think about what I am writing, revise it, etc.