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O2 Confirm Release Time of iPhone OS 3.0 and Features

O2 has confirmed that the new iPhone OS 3.0 software will be ready for 6PM today (June 17); this software will already be on the new iPhone when it releases Friday and will be available to download for your existing iPhone for free.

The all new software will give you around 100 new features for both 2G and 3G iPhone customers, features will include the likes of Cut/Copy/Paste, Move text/Numbers/Email addresses between apps, you will also get a new search area which will allow you to: Find contacts, email addresses, phone numbers, apps and much more.

Other features will include:

Existing iPhone 3G customers will get the all new Picture Messaging (MMS), sound files and location with MMS messages, contacts, Send photos, the brilliant Internet tethering.

Just a quick update: According to Pocket Gamer they say that Telefonica has sent out SMS to iPhone users in Spain saying that the new iPhone OS 3.0 is available right now even though it is not.

UPDATE: iPhone OS 3.0 is now live

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