Actually, there's a mechanical switch inside the iLiad that is pressed when the pen is in the holder. As far as I know, the touchscreen digitizer is turned on and off by this switch. So if the pen is in the holder there really isn't any power draw from the touchscreen.
Also, I think I remember doing a brief test that showed very little power drain by the touchscreen even when it was on... but I'm not sure about that.
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