I'm not sure if I'm more amazed at how something as inane as this basic operation is touted as a huge feature differentiator, or that the CEO of a multi-billion dollar a year computing company, who's been in the business literally from the start, talks about it with breathless urgency like it's the second coming.
Copy/cut and paste is not a major feature, it should be buried among a list of minor enhancements. It's like the equivalent and releasing a new keyboard with a shift key on either side!