One big thing for me with regards to the iPhone Microsoft Exchange integration is the inability to create and manage folders.
I am one of those people that religiously file emails away once dealt with – for example, I have an "eBay" folder, with "buying" and "selling" sub folders for all the emails relating to my purchases and sales.
The iPhone (unlike Windows mobile devices) has no ability to create, delete or rename folders on the Exchange server, which is a bit of a shame.
I was hoping they would include this in the OS 3.0 update.
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