There is an interesting article on the association of psychological science (aps) website on the lack of value of value in trying to transcribe a lecture. The articles cites a study showing that laptops as a means of note taking affects academic achievement for the worse. Students with laptops tend to try and attempt transcription of the lecture (as opposed to students that use longhand) for notes. The act of transcribing a lecture actually hurt their comprehension, and their academic performance is adversely affected.
This is exactly the issue that LectureMonkey was created to solve. Let LectureMonkey “transcribe” the lecture for you. Once you understand that the technology is going to do a better job of capturing a verbatim recording of the lecture content – there is no reason to try and transcribe the lecture and you can concentrate on learning and summarizing the important points using bookmarks and short twitter-like comments. This will actually help you get better grades. If your classmates join in as well – you’ll all have more fun, have a richer learning experience and all of you will get better grades.