Livescribe 3, a pen that records as you write

In the Venn diagram showing 'People Who Prefer to Take Notes on Paper' along with the 'People Who Want to Store Their Notes Digitally', the overlap is 'People Who Might Buy a Livescribe 3 pen'.

Without a doubt, the pen contains some amazing technology. A tiny camera inside the device records the ballpoint pen's movement across special dotted paper made to be used with the device. Everything you write or draw during a conversation, interview, meeting or lecture on the dotted paper is transmitted to a nearby iPad or iPhone running the free Livescribe app. You can convert the handwritten notes to text and tag sections with keywords.

But it gets better. The pen can also record the audio of a conversation or lecture. If you want to go back to a specific section of the audio, perhaps to check that you wrote the correct word, tap the stylus (on the other end of the pen) on that word in your notes. The audio recording will be played back from that point. You will have to carry the iPad or iPhone along with the special notepad if you want an aural recording of the session.