I wonder how it would go with an app like myscript over the top so that you get your handwriting recognition as well???No, it doesn't convert to text. It is more like a real live notepad. You can draw and write with it and then it syncs with Evernote up to the cloud. No handwriting recognition or anything like that. I think the new Thinkpad tablets have that, though. You can read the reviews on it if you want to. I like it for taking notes and highlighting my books, though....Skitch is more for drawing.
Now, with Evernote, you can type your notes, yes.