Basically what clipp is trying to do is replace papers and notebooks, with iPad screens.
Well, in a country like America, that indeed is a giant step to put education forward. But, here in India we students and teachers alike, cannot afford an iPad. So if the app was basically a cloud solution with a HTML5/jAVASCRIPT sort of interface, it would be easy to port to different platforms and can be used in much affordable tablets.
Anyway being a college geek, +1 for clipp.