As it turns out, the development team actually knows exactly how they will be implementing copy & paste in WP7S but did not believe it could be implemented without affecting the release schedule they've committed too and therefore will be including it in an update down the road.
Windows Phone 7 Will Get Copy & Paste... After Launch?
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The European Commission paid €360,000 ($541,980) for a study on how piracy impacts the sales of copyrighted music, books, video games and movies. But the EU never shared the report -- possibly because it determined that there is no evidence that piracy is a major problem.