Cocoa Box Design has released an update to Penultimate, its digital ink notebook app for the iPad, adding support for importing images and improving the wrist protection features. Penultimate 3.1 now allows users to insert photos and images directly onto notebook pages from either the iOS photo library or the iPad 2 camera. Images can be moved, resized and rotated using standard touch gestures and users can also make handwritten notes on top of an…