So here's the deal. You don't get copy/paste. You don't get image or videos over MMS. And you still can't type your emails or text messages in landscape mode. BUT! If you've been dreaming about Google Street View, or, uh, walking directions... well, you're in luck, because Apple is listening to you and nobody else. One neat little tidbit, though: looks like the SDK is now supporting line-in audio devices, which could lead to some fun later on. Still, not a thrilling update. [Boy Genius Report]
Just because you don't use MMS doesn't mean no one does. Back when I had a lesser phone (oh,the irony!) I used it often for things like sending "happening right now" pix of the kids to relatives, or "honey, what about this one?" pix to my gf. And, since I have unlimited media-which most iPhone users will have-they don't cost me any extra.