I'm always keen to explore new technology, but there needs to be balance.  Increasingly the paper based note pad is being challenged by a range of electronic devices, the cell phone, the Blackberry, or a gaggle of PDA's.  Engineers are squinting at screens and large thick fingers are punching away at tiny keyboards.  
The range of functions, power and capabilities which these electronic notepads have is mind numbing, though they generally don't like to get wet, are not too good when dropped from height and don't function too well when they are out of battery life.
My cell is is pretty basic unit but it still has a large number of features including, calculator, camera, voice recording, alarm, note pad, plus plus.  It can even make calls.  
However to use it for anything other than a cell,  I need to locate my reading glasses,  make sure that I'm not in a daylight location, figure out where the functions are, figure out how to use them and hope that my interpretation of what they do is the same as the technician who named them.

I believe that there is a need for balance.
I would suggest that Engineers don't throw away the paper note pad just yet. By all means use and enjoy the features supplied by the electronic cousins, but keep the original paper based system handy, for when there is a need for a real note pad.

I like to use the expression “A short pencil is much better than a long memory” and I can't quite get it to translate into the electronic format. Maybe  “A squat PDA is better than a wide desktop computer” ?, “A small Blackberry is better than a large Apple” ?  “A web enabled cell is better than a laptop” …. I think that I need to keep working on it.
For short notes, memory joggers and doodling the paper based system is quick, it's easy, it doesn't run out of battery life at the wrong time, if you drop it, it won't break, it can be read in bright sunlight, it's easy to tear out a page, if it gets wet it can be dried out, its cheap, it can be recycled and pages can be formed into airplanes to demonstrate the theory of flight.

The geeks might have R.I.P. chiseled into the tombstone of the paper based system, but I suspect that there are still quite a few nails yet to be hammered  into the coffin lid.