Our friends over at iPhone Matters have suggested a compelling possibility: a partnership between Apple and Livescribe that would result in the marriage of the iPhone with Livescribe’s forthcoming smartpen.

The smartpen, which will come out in the 1st of 2008, records and syncs audio with whatever you write and transfers your notes and drawings to your PC to backup, replay, and even share online. It also enables you to search for words within your notes to find exactly what you need in seconds.

The folks at iPhone Matters suggest that Apple should partner with or at least allow Livescribe to develop iPhone integration so that pages may be uploaded and then stored on the phone for later viewing without a computer. This would allow an iPhone/smartpen user to take notes on real paper, which would be transferred into notes on the iPhone automatically. Reviewing a lecture would be easy both on the phone and with the pen, and this mobile version could email the pages to others immediately after captured on paper.

If you like the idea and want to hear more, check out iPhone Matters full article.