I've heard the opposite, that this sort of low latency digital sketching technology (drawing right on a screen with shading) was previously thousands of dollars more expensive.
The 'pencil' is....strange. Seems like the people who want that sort of thing most are artists, and from the reaction of my more artistic friends, this isn't going to serve those people. There are already cheaper third party phone/tablet styluses available right now, but I guess the big Apple fans will always prefer buying direct from them.
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