Gizmodo has the scoop on the launch of Pastebud, a third-party workaround for basic copy/paste on the iPhone using a couple of clever bookmarks and a webapp.
I say basic, because it is dependent on the bookmarks and so will only work with Safari, or with webapps that run within it.
I think the most interesting thing about Gizmodo’s scoop is the comment by Bandit underneath:
“No gadget in 2008 should require someone to create a workaround like this, let alone a gadget from a company as prominent as Apple. Apple should be embarrassed.”
You said it, Bandit. You said it.