Write scripts for a living, or hope to? Final Draft is the industry-standard script formatting app, and now it’s on the iPad. It may run you $30, but what’s that compared to the riches your first Hollywood blockbuster will fetch, right?

TUAW says:

What does version 1.0 of Final Draft Writer do? It lets you create scripts from scratch, right on your iPad, for starters. The app offers built-in templates for screenplays, stageplays, one hour TV dramas, and sitcoms. Beyond simply creating screenplays, the app also offers several pro features found in the desktop version, including SmartType technology that remembers your Character Names, Scene Headings, etc; Character Highlighting that allows you to call out specific character dialogue in the script; the ability to show Active or Collated Revisions with colored pages; the ability to quickly switch from one revision to the next; a host of reports including Cast, Scene, and Location reports; a specialized Final Draft keyboard header that easily lets you navigate or add script elements; and much more. Sharing features include AirPrint printing, Dropbox integration, and importing scripts through iTunes or email.

source: TUAW