TypeIt is a tool that allows users to type more easily in foreign languages. Users can select a language (lots of various languages) and then type whatever they need to–an email, a blog post, a forum comment, et cetera–and then copy and paste the text. The benefit of doing this is being able to use shortcuts for writing special characters like ö, á, ¿, «, etc. This wouldn’t be great for typing long reports because users should be using keyboard shortcuts for editing in those situations, but for short web postings or emails, this could be a useful tool.
This even lets you do some basic formatting- like bold, underline, italics, etc. When you copy and paste the text into a word processor (tested on Word 2007), the formatting goes with it!