I first read about this in an issue of Wired back in about 2001. Finally, this thing is available and appears to be pretty amazing.
Basically, it's a normal pen that you write on paper with, but everything you write or draw is captured and you can upload it into your PC or Mac. You can also record audio at the same time, so you can associate audio commentary with your doodles - then play them back on the PC.
Text you write is OCR'd so you can search for words too!
Check out the videos here: Livescribe Pulse Smart Pen
Hopefully if LOTS of people visit this page, the nice people at Livescribe will give me a pen ;-)
(wishful thinking)
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