iPhone 2.0 beta, which isn’t officially due until this June. Here goes features of iphone.

1. No contact search ( No Spotlight Search icon in contacts)
2. New button in the calendar
3. App Store
4. SDK Support
5. Parental control
6. Selection of preferred WiFi networks
7. CISCO VPN support
8. Scientific mode… like (commas, new math functions & updated iTunes).
9. Multiselect option in mail (mail mass deletion)
10. Exchange is so on! Changes can be push over the network

Here goes the video of iPhone firmware 2.0

Source : http://www.engadget.com/2008/03/18/iphone-firmware-2-0-hands-on/

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