Hailed as the “the fastest, most powerful iPhone yet”, the new iPhone 3G S (“S” for speed) just got copy & paste functionality, three megapixel autofoucs camera with video recording functionality, hands free voice control and a new tethering feature that allows you to use the iPhone’s internet connection on your computer (not yet confirmed to be available on Vodacom).

But all these are available thanks to the new iPhone OS 3.0 operating system, which is actually the most significant update the iPhone 3G S just got. It allows for MMSs, instant navigation thanks to the new built-in digital compass, and the ability for iPhone applications to directly address external hardware.

It looks like we’ll have to wait for it till July … right guys?

1. Adobe Flash. Adobe is scurrying to make a version of Flash that works well with the iPhone. But if Flash will ever work the same way on the iPhone as it does on a computer , Adobe will need significant help from Apple building it into MobileSafari. That has not been an easy process so far.What’s the point of Flash on the iPhone? Many Web sites still use Flash for multimedia, animation, and navigation. And ad agencies would LOVE to get access to Flash to make rich media ads for the iPhone more easily.
2. Video chat. Some wacky, Photoshopped images made the rounds last weekend showing an iPhone 3G with a front-facing camera for video chat. This sort of thing  is a feature Apple loves to sell on its MacBooks and iMacs, and makes some sense in the mobile industry, too.
3. Background app processing. Apple’s main competitors can all run apps in the background, so you can pop into your email app and keep your IM app open. Or listen to Pandora Radio while you’re reading a Web page. We’ve heard that this is something Apple is working on, but it’s apparently not ready yet for iPhone 3.0. It might be something they get to in an update, or perhaps something they’ll save for iPhone 4.0.

The new iPhone could be called iPhone 3GS – That might just be a code name or something but the new iPhone is definitely going to have the much needed features, which include video recording and an extended battery life. Plus there is a possibility of Apple bringing down the price for the iPhone.