From Logitech’s official Crayon specs page:

Using the same technology found in Apple Pencil®, Logitech Crayon delivers sub-pixel precision, lightning fast responsiveness, and dynamic tilt to bring new dimensions to learning.

Not quite the same as Apple Pencil. No pressure sensitivity. But it also sells for $49 versus the Apple Pencil’s $89 (since Crayon is only sold through Education market, makes sense to compare to Apple Pencil education price). For students, I suspect the Logitech Crayon will be just fine.

iPad has palm rejection technology that ignores any touch that doesn’t come from Logitech Crayon, so students can stop worrying about their hands and just focus on the task at hand.

And:

A flat shape prevents Logitech Crayon from rolling off desks or getting lost.

Hmm. I wonder why Apple doesn’t consider this.

Logitech Crayon has almost 8 hours of writing time between charges — enough for a full school day. Additionally, a fast charging option provides 30 minutes of battery in 90 seconds.

Lots of good stuff here. One important thing to note: The Crayon does not use Bluetooth. Its wireless frequency is specific to the iPad announced yesterday. Just as Apple Pencil will not work with an iPhone, Crayon will not work with other iPads.

All told, this seems a great solution for the education space. And the way I read this, looks like Crayon is only available through the Apple Education channel.