It’s coming soon and I can’t wait. It’s providing Copy, Cut and Paste functions at last . The support is across applications as well so you can copy in Safari and paste into a text message. Updates to ical and a new voice recorder (dictaphone) application. Spotlight at last makes it to the iphone, this will help find everything stored on my phone. Peer to Peer connection via Bluetooth is now going to be supported so we can play games against each other. Last but not least again at last MMS which will send audio and pictures.

The update is quoted as being released this summer, please hurry up Apple  and release it now.

Further info can be found here