The device consists of a special pressure-sensitive ballpoint pen and a receiver. As one draws or writes on paper (no special paper required), the receiver stores the strokes and movements in memory. Once back at the office, files can be downloaded from the receiver in multiple formats. The device supports multiple layers, both raster (or bitmapped) and vector image files, and is compatible with Windows and Mac computers.
The device will go on sale in mid-September for around $200.
Check out the post at my blog for more information, including images and video of the device in action.