One of the top complaints about the iPhone is the lack of cut and paste functionality. Now those who have jailbroken their devices can fix this problem with a new app called Clippy. Any user-editable text can be selected and copied to a clipboard, then pasted into another application.
This beta version by Ryan Petrich is easily accessible using the number keyboard. After pressing the "123" button simply hit the "copy" button. Proceed to select the text you wish to copy with the magnifying glass (selected text will be highlighted). Hit "copy" again to copy the text to the clipboard. Move to the application you'd like to paste the text into and click "paste". It's that simple.
Future versions will surely allow copying of any text (such as text within a downloaded Safari page). For the time being, this is a welcome add-on to the iPhone OS. Maybe someday Apple will hear the chorus of iPhone users and release an official version.
Clippy beta 0.91 is now available from the iSpazio repository on jailbroken iPhones using the Cydia package manager.