Omar Shahine, in my comments, says “tell me more...”. So with the presumption that he hasn't read my blog previously...here's a little history.
On my dotnetweblog check my tablet category. You will see that I've been writing some business applications for a tablet as well as playing with the general features and also trying to push for a little more developer interaction from Microsoft (heh).
At PDC, I took furious notes at the keynotes in ink using Journal and posted them immediately up to my blog:
here, here, here and here.
Although it was very satisfying to just take the notes and post them, I was very frustrated with two things - my handwriting was atrocious and no links! Frankly, I can type just as quickly as I write (and a lot more legibly) so it didn't make too much sense except I got to doodle a little and draw little smiley faces instead of the ol' 
. I think there's a lot of reasons to blog in ink but there is no reason not to leverage the handwriting recognition and what is a blog without links.
So this was on my mind. THen the tablet team put up inklog.com. At first glance, cool - blogging in ink. BUt truly, they had the same problem. Crappy handwriting and no links. It was easy to discover that the blogs were gifs.
I just kept thinking about it. How it would be logically and technically possible to implement it. One thing I though about a lot was placement. If I was drawing all over the page, I would basically need to do some real acrobatics to have as close a snapshot of that as possible. I'm still thinking about that. But in reality, it's a blog. A blog is mostly a stream of conciousness - or an article. It is not a designed user interface that should require tables to place elements etc.
So this is what I came up with and you see the basic implementation in my two previous posts. I actually had not used any of the ink tools from the SDK yet because my business application was using Infragistics tools which are ink enabled.
So I started playing with them yesterday morning and that's what I have come up with so far. The thing that held me up the most was editing html in Windows Forms. But I already talked about that in a previous post. I did find another tool by Carl Nolan (MS) on the Windows Forms site Control Gallery , but I'm sticking with Nikhil's and thinking of extending it a little. I'm still thinking about where the implementation goes next and have figured out how I will handle posting without writing my own blog engine (absolutely not something I am interested in doing). So I can use it with dotText or dasBlog or whatever I want.
Hey, I just thought of a name - BLInk!