Google Voice allows speech-to-text functions for incoming voicemails (sent in a text format to your gmail account) and for outgoing dictations (by calling your Google Voice number and leaving yourself a message).
Dragon Dictation is available for the iPhone or iPod Touch from Nuance. There is no fee for the service, and any text functions can be completed with a speech command. This product seems to be reliable and quick.
ShoutOUT from Promptu systems comes on Motorola Droids and is the program I can personally vouch for. I'm a frequent speech-to-texter and I find it to be fast and user friendly. Most screens that include a text entry have a microphone image available, and tell you when to start speaking.
Mac Speech Dictate is reviewed by George Williams, "Profhacker." He said, "This desktop application for the Mac environment works surprisingly well. I’ve used it occasionally and been impressed by the accuracy of its speech recognition. However, I’ve found it awkward to speak out loud the punctuation and paragraph breaks necessary for proper formatting with such a tool. The awkwardness would probably diminish with continued use, but I haven’t gotten there, yet... My understanding is that (Dragon Naturally Speaking) works in essentially the same way as MacSpeech Dictate."
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