Paper, the app that lets you create, paint, draw, and write, introduces a new kind of stylus. It connects to all iPads with a Retina display and iPad mini only. It Does not connect to iPad 2.
After syncing with paper, on one end you can draw, the other let’s you erase.
The bluetooth device comes in Graphite Brushed Aluminum or Walnut. The rechargeable battery is supposed to last about 1 month and charges in any standard USB port. The pairing takes place when you press the device to the screen while using Paper.
Walnut currently costs $59.95 and Graphite is $49.95. You can learn more about Pencil here.
You can learn more about Paper from the video below.