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NiKKoM said:
If its better then the wacom stylus its worth the money.. I have a 80 dollar wacom stylus for the iPad.. The Pencil looks better to work with to create drawings.. Especially the lag time.. I would pay 150 dollar for an almost zero lag stylus for the iPad

That ^^

A lot of people here are commenting without knowing exactly what they are talking about.
While this is not super innovative in anyway, this is not just a simple stylus, it supports tilt, pressure etc... And if you look at the watcom ones they are in that range maybe 10$ less. Which does not make the Apple one a so overpriced one.

Overall the iPad Pro + this pencil can actually be even better than some drawing tablet out there (I have a a good watcom one).

Do not just throw away "Apple is selling a $99 stylus" without really understanding what piece of technology it is to warrent at least 80% of this price (the other 20% being definitly the Apple logo on it