Griffin Technology and Crayola have teamed up to bring ColorStudio HD to the iPad. It will be available in Spring 2011 at a cost of $29.99 and will come with the Crayola iMarker stylus.
From Griffin Technology:
Crayola ColorStudio HD is an entirely new digital play experience, coupling a multi-activity drawing application for iPad (Crayola ColorStudio HD App) with a custom-built digital stylus, called Crayola iMarker™. Together with iMarker, the ColorStudio HD App allows young artists to color and interact with special “live” animated coloring book pages that move and react as they color, combining custom-produced pictures, animations, music, sound effects, and high quality special effects.
