I’m not a huge fan of styluses and capacitive pens for iOS devices, but I can recognize an interesting project when I see one. The biggest problem with a stylus, in my opinion, is that most of the times the design is hideous and there’s no way to keep it handy for whenever you need it. The Maglus, a product that needs funding to come to life, aims at combining design and usability with the use of magnets. Just like Apple bet on design and magnets for the iPad 2, the creators of the Maglus think a stylus that attaches to the iPad and the Smart Cover is the best way to turn a stylus into a 24/7 companion for your digital drawing and sketching needs. The Maglus attaches anywhere on your Smart Cover, including the back when the cover’s folded to prop your iPad up in typing mode. Clearly, Apple’s use of magnets and cover is opening to a lot of possibilities when it comes to third-party accessories.

The project has 24 days ago, and so far €3,159.00 have been raised out of the initial €15000 target. You can check out all the product’s information and pledge here. Check out the demo video below. [TUAW via RazorianFly]