people do use voice recorders
I carry a Sony voice recorder everywhere I go. It's a fantastic device that allows me to sort my voice memos into unlimited folders. I can then move them around, name them, merge them, split them, etc.
A good quality memory stick voice recorder is about $500 canadian.
As soon as I got my iPod I said that if this thing could also double as a voice recorder I'd be in heaven.
Though I think the Belkin microphone is ugly as hell, it's pretty much what I need. My only concerns is whether the iPod recording software will allow me the flexibility of the Sony recorder, meaning, can I create folders, name recordings, etc. I'd also like to be able to NOT transfer the messages to my computer and delete them directly on the iPod.
If the mic/software allows the user this flexibility, this item will indeed take off (Sony has various models of voice recorders and many other companies make them as well so there is definitely a market for them).
However, I'm starting to think that the above is a very BIG if.
For those of you who were hoping for a Sennheiser shotgun mic or something, whatever...
I understand your interest in a directional stereo mic, but I think it's hardly more practical or in demand than turning the pocket hard drive into a dictaphone.