This is a terrible idea. It doesn't sync live, you have to send the entire notebook back and they scan it for you. That makes it much less useful that, for example, those special pens that scan what you write. In almost all situations, from art, to taking notes at meetings, it is preferable to have the digital copy immediately, not once the notebook is finished.
It's not really that bad? I think you're missing the target audience a bit. It's maybe terrible for you, not for everyone. Your main complaint seems to be 'it doesn't sync live' (well of course not, it's actual paper) and 'you don't have the digital form immediately' (that's pretty much the same complaint). But such a thing is not that important for everyone. I mean, once you wrote down the note, you already have it. So if your main requirement is merely 'having it', well then your settled as you have all access to it. And then you can have it digitized whenever you feel like.
