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The Motive Stylus (http://www.motivegadgets.com) is a new iPad stylus designed to transform and dock with the iPad Smart Cover. It attaches to the Smart Cover allowing users to keep their stylus with them at all times.
The Motive Stylus attaches magnetically to the front of the Apple Smart Cover. The Smart Cover is still able to function just like it always has. It can be flipped and folded with the stylus attached.
The Motive Stylus is available for pre-order on Kickstarter for US$30. The suggested retail price will be $40 when it goes on sale later this year.