If they do have copy and paste, I hope it is implemented well. Copy and paste on the iPhone is dreadful. Whenever I have the need to copy and paste something it seems that it is impossible to select what I want to. The BlackBerry copy-and-paste functionality was so much more useful.
That said C&P seems pretty unnecessary if you can use context and format to infer the semantic meaning of data. Such as dates being linked to the calendar, phone numbers to the phone app and emails to email/phonebook, etc.