Chinese Handwriting on iPhone?

Word on the street has it that the iPhone could soon run some sort of handwriting recognition which works with Chinese characters. Apparently, this will happen as soon as Apple integrates Chinese (both Simplified and Traditional) input into the iPhone. Each time you write a character, you will be presented with a list of possible characters on the right side, pretty much like how current Chinese software works at this point in time on the computer. After all, Apple has already started hiring “Handwriting Recognition Engineers”. One thing I can say is this – the Chinese speaking/writing market is just too huge for anyone to ignore.