Finally the wait is over with Apple revealing the feature-packed iPhone Software 3.0 update preview for iPhone and iPod Touch at an special media-event, the latest update brings more then 100 new features for the end-users and includes 1000+ new API's for developers further exposing the device for creation of powerful applications.

The iPhone OS 3.0 update will be available to end-users this summer and will get pushed as an free upgrade to iPhone customers, However, an one-time $9.95 upgrade fee will be levied on iPod Touch users.

Apple iPhone Software Update 2.1 is now available for downloading, the much awaited iPhone update includes many bug fixes and improvements, most notable being fix for in call set-up failures, dropped calls, better battery life, improved accuracy of 3G signal strength display and dramatically reduced backup time.

According to Apple website the 2.1 update includes:

* Decrease in call set-up failures and dropped calls
* Significantly better battery life for most users
* Dramatically reduced time to backup to iTunes
* Improved email reliability, notably fetching email from POP and Exchange accounts
* Faster installation of 3rd party applications
* Fixed bugs causing hangs and crashes for users with lots of third party applications
* Improved performance in text messaging
* Faster loading and searching of contacts
* Improved accuracy of the 3G signal strength display
* Repeat alert up to two additional times for incoming text messages
* Option to wipe data after ten failed passcode attempts
* Genius playlist creation