Apple on Wednesday released the much anticipated 3.0 update for the iPhone, bundling at least 46 security fixes into a new version of the iPhone operating system that includes essential functionality such as cut-and-paste and Spotlight search. Included in the 3.0 bundle are security patches for vulnerabilities in a broad range of iPhone components, including Safari and Mail. The mail flaw, for example, could allow a malicious app or attacker to place a phone call without user interaction. A host of other security holes fixed by this update could allow a remote attacker or Web site to run malicious code on the device or cause it to crash. The update is available only through iTunes. My colleague Rob Pegoraro has a more in-depth post about the new features built into this update, but he was having trouble grabbing the update yesterday. Apple says that the automatic update process may take