CopierciN has came up with a answer for the cut and paste problem, which iPhone can not seem to answer.
The program will allow importing text messages, your most recent emails, or your notes into a standard text editor, where you can then select what you want to "copy" and then "paste" that text into a new message or note (in their native apps). And in a new twist, CopierciN was written as a first project by someone who just taught himself how to program in Objective C. This is a shame that a non Apple Employee came up with this program. I think this student should go work for Nintendo, and maybe you can help them make a phone with programs and get 1.6 Mill to do it(See my Blog on Nintendo Employees)...lol!
Via Gizmodo [CopierciN]