Livescribe has added new products to its Pulse Smartpen portfolio for Holiday Gift Giving. The pen is now available in both 4GB and 2GB models with a new titanium color. The 4GB version can hold up to 400 hours of recorded audio and provides enough storage for apps for entertainment and education.

The 4GB model sells for $199.95 and the 2GB version sells for $169.95. Livescribe is also offering a Pro-Pack bundle that includes the 4GB pen in black, an A5 size notebook, premium leather holder, handwriting to text software, and the Pro Charging Cable for $249.95.

I know a few people who swear by the Livescribe smartpen. The device stores digital copies of handwritten notes and can record audio notes at the same time. I have never used the pen myself, but the problem for me I think would be that I have horrible handwriting. I would end up with printed notes I can’t read and digital notes I can’t read at the same time.

Livescribe has announced a new feature for its smartpen called Pencasts. The feature allows anyone using the smartpen to share notes digitally along with drawings, and conversations via websites, podcasts and even tweets.