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Apple has released iPhone OS 3.0. The update is available through iTunes. iPhone users get OS 3.0 for free, however, iPod touch users will be charged $9.95.

Features:

• Cut, Copy & Paste
• Landscape Keyboard
• MMS (some carriers)
• Spotlight Search
• Voice Memos
• Buy Movies, TV Shows, and Audiobooks
• Enhanced Stocks App
• Internet Tethering (some carriers)
• Stereo Bluetooth
• Shake to Shuffle
• MobileMe Find My iPhone and Remote Wipe
• More...

Live coverage of Apple's iPhone OS 3.0 event is available from the from the following sites:
Electronista/MacNN
Engadget
Macworld
Gizmodo

Here are some of the highlights:

• End User: Free update for iPhone coming this summer, 1st gen will have some limitations due to hardware (no MMS, A2DP). iPod touch upgrade $9.95
• Developers: iPhone OS 3.0 beta available to all today (???)
• Stereo audio over BlueTooth (A2DP)
• Spotlight system wide search
• Voice Memos.app, enhanced Calendar.app, Stocks.app
• New built-in apps and upgrades
• MMS
• Forward, delete SMS
• Multiple photo selection (you know, for the email...)
• Landscape mode support for key apps: Mail, SMS, etc...
• Cut/Copy/Paste within and across apps
• 100 new features for end user...
• Demos from Oracle, ESPN, Smule, ngmoco
• Streaming media support over HTTP, bandwidth optimized
• Access media library from apps
• Email directly from app, access to Proximity sensor (not just for Google anymore),
• Still NO to background apps
• Push notification finally ready
• Turn-by-turn GPS navigation now possible but developers must supply own maps, can't use Google maps
• Maps API allows devs easy access to Google maps
• Hardware interface, developers can make apps that talk to hardware over dock connector, BlueTooth
• Peer-to-peer APIs make it easier for developers to build multi-user apps, Bonjour based
• In-app sales - buy more levels, upgrades from inside an application (paid apps only)
• iPhone OS 3.0 to include 1000 new APIs

Apple has scheduled a press event on March 17th to show off features of iPhone OS 3.0. Details are scarce, but it's safe to assume significant enhancements will be announced. Release of the third generation iPhone is expected in June, and it's anticipated that iPhone OS 3.0 will be released at the same time.

The iPhone 3.0 press event is scheduled for 10 AM PST in the Town Hall auditorium at Apple's Cupertino campus.

Apple has released iPhone Software 2.2. It's available now through iTunes.