We're always a bit wary of handwriting recognition software because with the current methods available, it just seems a bit tiresome and inefficient to actually be considered useable. However, Vision Objects is developing MyScript for Android--their take on handwriting recognition software--and from the looks of it, it seems decent enough.
Android would certainly benefit from handwriting recognition technology (just for drawing out foreign characters alone) so we're a little more excited to see this technology come to fruition. How about you guys? Do you see handwriting recognition software being useful in your usage?