Apple released beta of its next major iPhone OS upgrade - iPhone OS v 2.1 to developers for testing, this should not be mistaken as iPhone Firmware 2.01 which is also expected to be released soon as an maintenance release fixing bugs appeared with the latestiPhone Software version 2.0 update.
The new beta firmware update supports much demanded Cut, Copy and Paste functionality with notable additions and tweaks to the iPhone GPS system, The new GPS code now allows tracking of direction and speed enabling the device to provide turn-by-turn directions.