yes I know I am a geek and allegedly I may know how well it works
the 3.0 Software Update. Available June 17.
a couple of the improvments are
Cut, Copy & Paste
Landscape Keyboard for email and SMS
MMS
Spotlight Search ( search anything on the phone )
Voice Memos
Internet Tethering ( Share your Internet connection with your laptop with Internet tethering via Bluetooth or USB depending on the carrier Telstra Won't be doing it I understand )
more info
here also Apple have the new iPhone 3G S
apart from more storage and faster the thing I am most intrested in seeing is the
digital compass it works just like a magnetic needle compass can let you know which way you’re facing with a digital display