Jott.com

Jott is a new free service that lets you register a US or Canadian phone number with them, then you call a 877 #, speak who you want to Jott (“Me” or “Matt”) and record a 30 second jott.

The recipient then gets a text translation of what you spoke as well as a link to the original audio.

I don’t know how they plan to earn money – Maybe reselling email addresses, I’ll have to check their ToS, but its a pretty cool service.