My 2 Cents:  This is for all of you iPhone users out there…seems that there is a new update available for download which is supposed to FIX a lot of issues people have been having including increase the BATTERY LIFE ;O)

If you have not already updated you might want to head on over there…I am guessing that a hacked version will be on its way shortly…

You made it. Three full battery charges and three full days of buggy 2.0.2 firmware later and the 2.1 software is now available for download. Remember, this “big update” comes with Steve’s personal promise of “fewer call drops… significantly improved battery life for most customers… fixed a lot of bugs where if you have a lot of apps on the phone you’re not going to get some of the crashes we’ve seen… backing up to iTunes is dramatically faster.” We’ll see.
P.S. Not that we’re expecting any, but if you spot copy and paste or any other unannounced features be sure to let us know.

Update:
We’re updating right now and we’ll let you know if we see anything amazing. Keep us posted in the comments too — how is it going for you?

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Update:

So, you’ve gone and updated to that new “big fix” firmware 2.1 — but is the Kool Aid as delicious as you’ve been promised? On our end, we’re certainly seeing noticeable improvements on lagging keyboards, app switching / opening (particularly with contacts and text messages), moving through menus / scrolling, application installation and iTunes syncing, but has Apple solved the big issue? The software update page boasts of a “decrease in call set-up failures and dropped calls,” and while that might make you think you’ll see the proverbial “more bars in more places” (and you probably do), it’s likely related to another change in this update, namely, “improved accuracy of the 3G signal strength display.” We know that a lot of you are seeing apparent improvements in signal strength, but is that a matter of updated icons, or a reflection of some crazy voodoo Apple performed on the phone’s radio? We’re leaning towards the former, but we’d like to hear what you have to say. So what’s the deal? Is the iPhone 3G seeing actual reception improvements, or is it just cosmetic? Let us know in the poll below.

iPhone 2.1 update is out: bug fixes and longer battery life promised – Engadget