Last night, Marco Arment released Bugshot, a screenshot annotation tool for iPhone. Think of it like Skitch for iPhone, except with more focus and without the sign-up-f0r-Evernote-resistance-is-futile thing.

When you start Bugshot you see thumbnails of all the screenshots in your Cameral Roll. From there you can:

  • draw orange arrows
  • draw orange rectangles
  • share your annotated screenshot to Twitter, Facebook, Cameral Roll, “Assign to Contact,” and your printer

It’s a refreshingly simple and useful app for just $1 in the App Store.