The guys over at GearLive have put their money where their mouthes are and posted a video demonstration of the new iPhone firmware update, expected to be 1.1.3.

They demo all the good stuff, including the GPS mapping, Home screen customization and more. Still no damned copy/paste yet though.

Check it out here.

[EDIT] Mirror of video: http://babygotmac.com/dl/video/Bleedingedge-BleedingEdgeTV195IPhone113957.mp4