A successor to Flipnote Studio, Flipnote Memo is a Nintendo 3DS application announced by Shigeru Miyamoto. It will most likely have many of the same or similar features as Flipnote Studio, as well as new ones like more color, pencil and paintbrush options. Flipnote Memo will be avaliable and free in the Nintendo eShop soon. No further information is given besides the release date for North America
According to the Flipnote Wikipedia Flipnote Memo will have a North American release of August 25 2011. I don't know if this is the FINAL date, it could be delayed.
Information gathered from around the internet.
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