Have you ever wished there was a way you could combine the comfort and speed of writing on paper with the practicality of taking notes on a tablet? Then good news: the Livescribe 3 Smartpen allows you to do just that.

We suspect we know what you're thinking, but don't: the Livescribe 3 is no mere stylus. It's actually a real pen! Only in this case, it's one with a Bluetooth sensor which, when paired with your smartphone or tablet, can transfer your sketches and writing directly to the associated app to be manipulated or saved.

Notes become searchable, images become save able. It's a great idea, giving users the ability to write normally and take easy advantage of smartphone features. One slight concern is that Livescribe seems eager for you to use its special paper, which is (predictably) more expensive than regular paper.

But on the other hand, given that the dot pattern is what makes it special, it wouldn't be hard to make your own. The pen is available in black and chrome and comes with its own mobile app and 50 pages of Livescribe Startpaper in a 50-page notebook.

It charges over USB, and if you want a hard copy, all you need to do is insert an ink cartridge and use it like a regular pen. The basic version costs 129.99, while the pro edition (which is darker in colour, has twice as much paper and a free portfolio) costs 169.99. 170 for a pen? If that doesn't sound bizarre to you, maybe you're reading the wrong magazine - Millionaire's Weekly is what you are looking for.