This app sounds like it could be interesting to use as a flash card quiz or for use in group or individual study. Similar to a lot of these new applications, the basic version is free.

Here's a summary of what you can do:

• Create flashcards with two clicks. Format Text and add pictures
  
• Study alone or online with others using Skype or chat
  
• Print flashcards for offline use
• Work in team, comment on others flashcards, track your knowledge
• Publish your cards to share online with others

Cobocards.com