This is exciting news if you're an iPhone user, many new features have been announced as part of the iPhone 3.0 software announcement... here are a few highlights:

* Search your iPhone <- nice feature
* Cut, copy, and paste <- finally!
* Send photos, contacts, audio files, and location via MMS <- again, FINALLY!
* Read and compose email and text messages in landscape <- nice feature
* Adobe Flash <- what was the long wait guys??
* Expanded Bluetooth Support <- nice
* Background Processes <- good, it's about time we can have real-time features to some of the apps

Here's a great article titled "iPhone 3.0 OS Guide: Everything you need to know" outlining many features and even has some screen shots of the features.