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Developed by Hanwang.com.cn, HWPen is a new third-party application availible for jailbroken iPhones and iPod Touches.  This handwriting recognition app can understand both English and Chinese language input, but it is still in beta so I imagine more language support will be coming as it progresses.  You can find a full forum discussion about this app at modmyifone and can install it by adding “iphonecake.com/src/all” as a source on Installer.app.

I’m sure you all remember Apple’s infamous Newton product that came with handwriting recognition, and I’m guessing the service is a lot better on an iPhone than a Newton.  At least I hope so because I don’t think we want another Simpson’s episode about the iPhone.  Let us know what this application is like if you have installed it and whether or not it is worth downloading.