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i installed the software, made a test recording, transferred the file, read the provided passage for voice recognition, and the software started transcribing my notes with a fair degree of accuracy.
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i use it for grading/annotating papers (professor), writing blog entries, and transcribing meeting notes.
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a couple of notes of caution: it is quite sensitive to movement noise, so if holding it while recording you have to be careful to keep it still.
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Positives:
Large Capacity, Long Battery Life, Recording Media: Digital, Design: Handheld