
From Wacom's official product description:
While the demo video looks impressive, the device's $199.99 price point may have current Wacom and/or Cintiq users relegating it to "wish list" status unless they can justify it as either a potentially productive toy or a regular tool in their digital art arsenal. A lot of folks probably won't be thrilled by the prospect of having to keep both a pen and a receiver's batteries charged, though tech specs claim up to 15 and 8 hours of battery life for the respective components.The Inkling digital sketch pen captures a digital likeness of your work while you sketch with its ballpoint tip on any sketchbook or standard piece of paper. Designed for rough concepting and creative brainstorming, Inkling is ideal for the front end of the creative process. Later, refine your work on your computer using an Intuos4 tablet or Cintiq interactive pen display.
In addition to capturing your sketch, stroke by stroke, Inkling allows you to create layers in digital files while you sketch on paper. Digital files are transferred to your computer using the Inkling Sketch Manager software, and later, exported to applications such as Adobe® Photoshop® and Illustrator®. Files can also be opened with the included Inkling Sketch Manager software to edit, delete, add layers or change file formats.
See the Inkling in action below:

























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