This is a free tool based on several other tools I have seen online. It accepts long-form text and condenses it to the length you specify.
The code is very simple, and very powerful. I was shocked at how easy this was to build. Check it out on Github, or head over to the site and start condensing!
Next Steps
I have started initial development of an API, and I want to add a feed of things people have Condensed as well as a bookmarlet tool for condensing news articles.