Just in time for Christmas, Dragon Dictation for the iPhone has arrived. And not only is it free, it actually works!
After using it for a day, it appears even more powerful than the PC version. For starters, It doesn't require a bulky headset. Dragon Dictation simply uses the iPhone's built in microphone. But even more impressive, the accuracy appears to be near 100% with absolutely no training.
To use it you open the Dragon Dictation app, press the red button to record, and then click the stop button when you are finished. Within a few seconds your speech will be magically converted into text and displayed on your screen. From there you can copy and paste the text into any iPhone app.
The only drawback appears to be the fault of Apple's iPhone OS. The iPhone only allows one third-party app to be running at a time. So you'll have to open the Dragon Dictation app each time you want to dictate something which can really slow you down, especially if you're trying to chat using a program like Skype.
To get it, just pull up the app store on your iPhone and search for "dragon dictation".