iPhone OS 3.0 preview event on Tuesday
Monday, March 16, 2009 at 5:16PM 
Apple may be adding some of the iPhone’s most heavily requested software features — including multitasking the ability to copy and paste text — with the unveiling of the 3.0 update this week.
In a live episode of Diggnation recorded at Austin’s South by Southwest festival, Digg founder and show co-host Kevin Rose claimed to have “confirmation” that the feature would be a centerpiece of the new iPhone OS to be unveiled on Tuesday.
To select text, he said, users would double-tap on a word to bring up the iPhone’s magnifying glass and then extend the “quotes” to cover the necessary text and perform the relevant action, though it’s not known whether this would be limited to copying and pasting or would include cutting text outright.
source[appleinsider]
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