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I've installed it and played a little today. It works, but seems like it will take a lot of practice to get anywhere close to quick with it. But ... that's my quick take after maybe 5 minutes with it.
I think to make this worthwhile, you might need one of those special iPhone styluses - at least for me that would be the thing - because I only want handwriting recognition for quickly taking notes ...
Damn I shoulda searched for "handwriting"... I went and started another thread.
Yeah it's pretty cool. the accuracy is pretty crap, but I like how it shows up as an option on the ABC/123 button. Although I don't like how it's the first option, so you have to double tap to get to your punctuation page now.
But it's great in concept. It seems very stable and when it works it's pretty amazing.