HTC Arrive / 7 Pro (CDMA)
Copy and Paste is already present!
For the record, grabbing text is very intuitive and easy. Click on a word and it's highlighted in green. Drag the arrows left or right and you've copied more. An icon appears, looking like two pieces of stacked paper, which you click to copy. That's it.
Since the phone has no "menu" button to speak of, your ability to paste the copied text is reliant on the next app you open, like a note, message, or email. But sure enough, as soon as you're in a text field, that same icon appears, allo...