If you’re an iPhone and you haven’t synced with iTunes these past couple of days, we’re more than happy to let you know that Apple’s latest and greatest iPhone firmware 3.0 is now ready for download.

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This is, of course, free to download for all iPhone owners, but if you’re using an iPod Touch, it’ll cost you $9.95 to upgrade to this new firmware. So what’s the fuss with iPhone OS 3.0? Well, it now comes with cut/copy/paste, MMS and landscape keyboard support not to mention a new Spotlight Search and Voice Memo feature as well as internet tethering. We can’t see any reason why you shouldn’t upgrade to this new firmware. More info here.

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Unfortunately, based on early reports, we would recommend you holding out for a couple of days first before doing so. Apple has, apparently, underestimated the demand for iPhone OS 3.0 that activations for post 3.0 upgrades have started to bog down. As such is the case, we suggest you wait for a day or two to pass by when the situation starts to mellow down so you won’t encounter any hassles in the whole upgrade process. Of course, you can try your luck and upgrade now, but as they say, a little patience won’t hurt.

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