Finally, someone has conceived a way to copy and paste text from Safari to Mail, and between web pages. And this time, it doesn't require any software installation and it's legal:
In fact, it doesn't require anything to be installed, so it avoids the App Store altogether. As you can see in the video, Pastebud-as the service is called-works using two bookmarks in Safari. One prepares and loads the page you are viewing, ready to select text at the touch of a finger. From there, you can copy any text you want and create a new mail message with that text in it. In addition to that, you will be able to copy and paste in the text field of a different web page.
While this is not full copy and paste capabilities, I, for one, welcome the ability do exactly this, which is basically what I want to do 95% of the time. According to Jed Schmidt, creator of Pastebud, they have been testing it for about a week and they are now "putting the finishing touches on the web site before launch".