A full-featured document and spreadsheet editing suite is out for iPhone, and it'll give owners the useful ability of being able to copy and paste text. Who needs iPhone OS 3.0 now?
You'll be able to edit docs and xls files, with all the standard features of MS Office, including text formatting and bulleting, and view PDFs as well.
The app also gives users access to Apple's MobileMe cloud storage iDisk account, and is available for US$19.99 from iTunes.
Via Mobile Burn