From CNET News.com: Many of the iPhone's long-awaited features will finally become reality Wednesday when Apple rolls out iPhone OS 3.0.

Current iPhone owners can download the software from iTunes for free, and iPod Touch users can get it as well, but for a fee of $9.95, just like the last OS update. What time exactly, we don't know yet. Apple will only say iPhone OS 3.0 will come out sometime Wednesday.

The update includes many functions other phones have had for a while, including multimedia messaging (if supported by your carrier--AT&T won't offer it until later this summer), voice recording, buying and renting movies and TV shows over the air, full system search, tethering (again, if your carrier allows it), and push notifications.

Apple has also bundled in some extras, like landscape virtual keyboard for certain apps, more extensive parental controls, in-app purchasing, and a feature for MobileMe customers called Find My Phone.

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