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A California University has created an iPhone application specifically for its students, so it could be only a matter of time before this spreads to college's everywhere.

So we covered E3 from the floor, but we kind of had a secret weapon. Using Livescribe's Pulse Smartpen, we were able to capture text and audio of an interview with Fusion io and post it as a Pencast, an exciting new form of social media.

Livescribe's Pulse Smartpen has garnered excellent reviews since its release and is now making a splash into the social media waters. Will Pencasting be the next craze in online communication? Come find out.