According to a new article. Apple is working on copy&paste in firmware 2.1. Some developers got the firmware 2.1 beta in their hands and found a reference in the Localizable.Strings for copying, cutting and pasting. The features are currently not implemented but are in high demand of most iPhone and iPod Touch users. Apple previously informed us that copy & paste was a feature that had low priority.
» Apple working on copy & paste in fm 2.1?