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.