The following new features DID NOT make it onto the iPhone:

1. Copy & Paste
2. Turn by Turn Direction Apps

What we did get:

1. Nike+
2. Genius playlists
3. Bug Fixes (we'll see)
4. Improved 3rd Party App Stability (maybe)

Also, some new games were released:

1. Spore Origins (not actually a new release)
2. Gameloft’s Real Soccer 2009
3. Need For Speed: Undercover