Thanks to the small jailbroken hack, now its possible to connect an iPhone or iPod touch to a Bluetooth keyboard for some serious typing.
Engadget had a quick hands-on the application. Pairing your iPhone and keyboard was as easy as it could be. Works well over all the applications, though, cut, copy, paste is yet to get shortcuts. We can hope for more in future app updates, for the meantime it serves the purpose well.