Here are my thoughts about this amazing gizmo.
Derek Wenmoth's blog is here: http://blog.core-ed.net/derek/
Livescribe's 4Gb Pulse Pen is described here: http://www.livescribe.com/store/20070723002/p-231.htm
The music is High Five, by George Wood, and is podsafe music.
I haven't mentioned the name of the handwriting recognition software because I'm trying it out for 30 days, and therefore cannot yet recommend it or not recommend it.
The video lasts for just over 7 minutes.