Apart from its core capability, Type n Talk also allows you to submit what you've typed to a central database, which you can also access. In the database, you can find phrases submitted by other users and select them to play back on your iPhone.
Type n Talk comes with one voice, is simple to use, and works fine. The voice is clear, even coming from the iPhone's tiny speaker.
You can buy two additional two voices via a $2 in-app purchase. The app tells you you're buying three voices, but this is a "typo," say the developers at the bottom of Type n Talk's App Store page. It seems unlikely that most users will check the app store for this information, however, and it's unclear why Jirbo has not simply corrected the typo.