"Xerox appealed the ruling and won, obtaining $US 22.5 million in retrospective licensing fees. Palm and Xerox agreed to not sue each other for seven years over certain patents, without publicly specifying which patents."
The name isn't all that obvious, but from what I recall of the original talk by Jake Wobbrock, he intended the recognizer to be very simple and easy to implement [edit: and computationally simple] (as opposed to HMMs or the like). This is alluded to in the pdf of the linked paper: "we present a “$1 recognizer” that is easy, cheap, and usable almost anywhere in about 100 lines of code."
I have this idea for a long time to use this gesture recognizer (at the time I found this implementation https://github.com/preble/GLGestureRecognizer) to create an App prototyping application.
Today, sketching is the fastest way, but it's very bad quality. Apps like AppCooker let you create better quality mockups but are much slower to use.
Imagine if you could just draw a T and a tableview would show up, same thing for buttons, navbars, etc.
Anyways, thanks for sharing and I'll let you know when I use it!