It's been a long wait but iPhone users can cut, copy, paste & MMS by tomorrow.

CORP TALK: Apple iPhone and iPod touch owners can download iPhone OS 3.0 on June 18, 2009 from here.

The software update is free for all existing iPhone users and US$9.95 for iPod touch customers.

The iPhone OS 3.0 software update includes over 100 new features, which we first highlighted here. Currently, there are well over 50,000 applications on Apple’s App Store.

In short:

• Cut, Copy & Paste across all applications
• Landscape keyboard in Mail, Messages, Notes, and Safari.
• Send MMS messages and include video, photos, audio, and contact info.
• Spotlight searches all of your contacts, email, calendars, and notes, as well as everything in your iPod.
• New Languages: iPhone supports 30 languages and more than 40 keyboard layouts. Includes Bahasa (Indonesian and Malaysian), and Thai language support.
• MobileMe Find My iPhone and Remote Wipe: Find your iPhone if you lose it and protect your privacy with Remote Wipe.
• Improved Calendar: Create meetings via Microsoft Exchange ActiveSync and subscribe to calendars with new CalDAV support.
• Stereo Bluetooth: Connect compatible Bluetooth stereo headphones, car kits, or other accessories.
• Internet Tethering: Share your Internet connection with your laptop with Internet tethering via Bluetooth or USB.
• Sync Notes: Sync all the notes you write on your iPhone back to your Mac or PC.