http://www.pcworld.com/article/188223/the_long_fail_a_brief_...
Maybe the lack of success has been due to poor implementation, but I wonder whether styluses are just inherently problematic:
1. Truly reliable handwriting recognition always seems to be just over the horizon, and I wonder whether it always will be. Honestly, I often can't read my own handwriting. Sure, you can store handwriting as "ink," aka a bitmap, but that's like choosing a fax as your file format.
2. Switching from stylus to finger to (possibly) keyboard is awkward. You need someplace to put the stylus, and it makes one-handed operation pretty difficult.
That said, I actually think I'd enjoy having a stylus for input sometimes. I hope that someone eventually figures out how to put all the pieces together. (Too bad that Microsoft Courier didn't make it.)