The 3.0 firmware will be released June 17th and will be free for all iPhone users. The upgrade will cost $9.95 for iPod Touch users.

New Features Mentioned Today:
• iTunes - rent and purchase movies right from your iPhone

• iTunes U Support

• Improved Parental Controls

• Tethering (YAY!)

• Faster Safari

• HTTP Streaming Audio and Video

• AutoFill in Safari (remembers user names and passwords…etc)

• Addition Language Support

• Find My iPhone (available to MobileMe users)

• HTML 5 Support

All Ready Knew About Features:
• Copy & Paste

• Push Notification

• SDK Upgrades

• Landscape View

• Picture Messaging

• In-App Purchase

• Peer-to-Peer Connectivity

• Embedding of Google Maps

• Spotlight Search

• Voice Memos

• New Options for Accessories

• Turn-by-Turn Directions

• Scaling Video Streaming

• Emailing Multiple Photos

• CalDav

• Notes Sync

• Stereo Bluetooth