Dragon Dictation by Nuance Mobile is a freeware speech-to-text voice recognition application powered by Dragon NaturallySpeaking that allows you to easily speak and instantly see your text or email messages. Nuance claims it to be up to five (5) times faster than typing on the keyboard.

With Dragon Dictation you can also update your Facebook status, send notes and reminders to yourself, or Tweet using your voice. In addition to composing messages by voice, Dragon Dictation provides the ability for users to either enter new text or edit text they have dictated.

Key features of Dragon Dictation for Apple iPhone include:

• Voice-to-text transcriptions that may be sent as SMS, Email, or pasted into any application on your iPhone using the clipboard
• Convenient editing feature that provides a list of suggested words
• Voice driven correction interface

Click here to download Dragon Dictation for Apple iPhone.