Smarter Than The Average Bic

From Wired, here's some more on the LiveScribe Echo SmartPen:

But the real allure of the Echo remains the way the software and hardware work together to make your life easier. Yes, there's something immensely satisfying in seeing your deranged scrawlings rasterize onscreen. And for college students and journalists in particular, the Pencast option is quite simply a Godsend. Simply hit the record icon on the included paper and start taking notes as you usually would. Once you've finished the lecture/meeting/interview, you can not only replay the entire recording, but also instantly move from one section to another by simply tapping on a specific note. The pen will automatically play back the audio from that precise moment. This has the obvious benefit of helping you navigate long, meandering lectures, but it also frees you up to write random or tangential thoughts without the fear of missing important information.