No surprises here: Apple just announced that iPhone OS 3.0 will support copy and paste. A double-tap auto-selects the text you want with movable "grab points," and a pop-up edit bar display buttons for cut, copy, and paste. Finally! It works in every major app, including SMS and Safari, and what's more, there's also "shake to undo," which is exactly what it sounds like: a quick shake brings up a box that allows you to undo and redo c/p actions. It's a pretty nifty implementation, sure, but it's a little silly we've had to wait this long for it, don't you think?

Apple previews new SDK, App Store functionality