This mod will obviously add a lot of bulk to the iPhone (and destroy a Newt), but who cares? The whole point is the fun and marriage of the old and the new. Plus, there's something oddly "right" about that image, no? Though it is funny to think Apple once released a stylus-based handheld, given Jobs' current feeling about that mechanic.
We wish Charles good luck and hope he'll ping us when the project is complete.