At frakkin last! Cut and paste. Apple fans have something to be happy about this afternoon with the news of the iPhone 3.0 update. The new OS delivers a number of features Apple iPhone users have been waiting for since the iPhone’s launch.

It adds features like cut and paste, turn-by-turn navigation, MMS, 3G tethering, shake to shuffle music, voice memo application. And a whole lot more too. There’s peer-to-peer Wi-Fi connectivity, maps inside other applications, a rumbling for games, and even audio recording.

Here’s the first pic of a blue Zune flash player. This one is an 8GB version that was seen posted on Fry’s a little while ago. Despite the color, it doesn’t have a lot to be blue about. Apparently there’s a silver one as well, but no pics of that one. It sports some interesting new features.

Users can access wireless hotspots to update music collections, browse the Zune Marketplace, refresh Channels, exchange favorites, and even buy tagged FM songs. “Channels” are custom stations that will give you personalized playlists. It also has a “Games” feature for what else, games. The “Buy From FM” feature lets you listen to FM radio and tag any songs for purchase when you sync with a PC. Not too shabby.