Apparently, it's like a normal pen but as you draw on a paper, it will digitize straight onto the computer. It's Wacom's latest product and will become available mid-September for $199USD. It also does layers which is kind of neat.

Personally, I think it's pretty cool. I'm not really that great drawing directly onto the computer using a tablet so this will be a nice tool to use to bridge that gap. Thoughts?

Official page here:

Promo videos: