Apple took the wraps off the next iPhone software update today, at an invite-only event in Cupertino. We weren’t invited (sob) but luckily the Internet makes physical attendance at these events less of an issue than it used to be.

So, what’s new?

The number one requested feature for the iPhone finally makes it – yes that’s right folks, you can now copy information from one application and paste it into another one!

Sarcasm aside the update looks pretty good. Bluetooth support is beefed up to include p2p functions (i.e. connecting to a PC or other phone) and A2DP stereo support.

Also welcome is landscape support in all applications meaning you can finally flip the thing sideways to use a decently sized keyboard when composing an email.

European users get MMS support (apparently this was a big ask – do people really use them?).

Lastly there are 1000 new API calls for developers, enabling tons of under-the-hood features that can be exposed via third party applications. Expect to see in-application app store support (you can purchase content direct from within applications) and apps making more use of bluetooth, maps and other features that were previously only available to Apple.

If you’ve got 1.5 hours free you can watch the full presentation online at the Apple site.