Bugshot, the fast, simple screenshot annotation and bug reporting tool by Marco Arment has been updated to version 1.1 and, in addition to fixes, now sports both a handy "Open in..." feature, as well as a blur tool for covering sensitive information. Or body parts. We don't judge.
Marco Arment, creator of Instapaper and The Magazine, has just released Bugshot for the iPhone and iPad. It's a small, highly focused app that lets you quickly, easy mark up images with arrows and boxes. The intended purpose is to take screenshots and callout graphical glitches, typos, and any other visible errors, and then report them back to the developer and/or designer so they can get fixed.