Pastebud is a new service that allow copy and past text between Safari and Mail but also between webpages. It does not require any application to be installed and works using two bookmarks in Safari.
» Pastebud: Copy & Past between Safari & Mail

CopierciN is the name of a new application that has been released in Cydia. The application allows you to copy/paste text to SMS, Notes, Mail applications and files in the filesystem.
» Cydia – CopierciN Copy/Paste

The time has finally come. iPhone firmware version 2.1 has finally been released and features many bug fixes. Although, it does not contain advanced GPS features or Copy and Paste, which was one of the two most wanted items in this update. I also haven’t heard of the push notification server being opened in this firmware update. » iPhone 2.1 finally released

So Zac White, the designer of OpenClip, has updated OpenClip’s site saying that the 2.1 firmware will break the current OpenClip method. OpenClip was an open source alternative to Copy and Paste on the iPhone between applications. Although there are some other options to make OpenClip work, they’re not as good as the first method, but still not that bad. » 2.1 firmware breaks OpenClip frameworks

Student developer Zac White founded a non-profit, open source, community project called OpenClip which is offering iPhone developers a free Copy and Paste framework that will add this functionality to their applications. This will allow users to copy and paste data between supported applications.
» FrameWork OpenClip (copy & paste between applications on the iPhone)