Review: Apple iPhone 5 for AT&T
iOS 6.0 = Android 2.3
Now T Bone, remember what mom said, "If you can't say something nice..... "
Try copying an image from a website (say Flickr) and pasting it into a presentation document, movie timeline, or formatted email (maybe you want to send your girlfriend a review of a hotel for an upcoming trip) in ICS.
Long press image > Copy Image [Location] > Switch Apps (control differs between manufacturers) > Long press into email/presentation > Paste.
At least that's how Copy|Paste works for everything I've used it for, but admit I've never done specifically as in your example (never had a reason to).
Long-pressing an image only offers me the ability to save the image.
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