Researchers create rollerball-pen ink to draw circuits
physorg.com
physorg.com
http://www.circuitspecialists.com/8420-p.html
If you check the PCB forums, people are always toying with the idea of hooking these up to a plotter for DIY circuit boards without needing etching chemicals.Presumably these researchers have come up with a better one (probably more consistent flow).
You mention that perhaps the resistance is currently too high and that these guys may have come up with something that has "more consistent flow."
The news here is ink-on-paper makes circuits, not conductive pens have been invented for the first time.
Example (0.3oz for $30): http://www.amazon.com/gp/aw/d/B000B5YDT8
Historically, you've been better off using conductive silver thread for flexible and on-the-fly circuits. Still expensive and resistive, but tolerably so.
Example (82 ohms/ft, $5/yd): http://www.sparkfun.com/products/8544
(Disclaimer: I am a former member of the Lewis group, but didn't work on this project myself.)
I wonder how they bond the components to the traces. Is setting them on fresh ink sufficient?
To answer your question, setting the components on fresh ink is often sufficient but not always. IIRC, components were often put in place and then "drawn over" a second time with the pen, or small beads of ink were put in place.
I saw cross-overs demonstrated simply using normal white-out (!) after the first trace was dry, but I no longer have access to a journal subscription so I'll have to bug my colleagues for a copy before I know if that is what was used in the publication.
There are a number of uses for something like this, if its economical. I hope they can commercialize it.
granted you have to use a small brush to apply...
...and i still think "soldering" leds to a piece of paper is ... wrong.