Thought I would give KINGRYE a few tpis first. If you use Home++ you will have a phone button thats always on the screen
as well as some other great options, check out the Home++ FTW thread. The Droid does copy and paste also, it's under the "more" options when you hit the menu button, or you can long press on text.
This phone does everything that a jailbroken iphone will right out of the box. If you want to install "3rd party apps" there's an option in settings for that. There's lots of options for customization right out of the box, and it's very capable. I visit a couple of Android forums, and for every 2 or 3 iPhone guys that try it out and decide to go back to an iPhone, there are 8 to 10 that love it way more than their old iPhone and wouldnt think about going back even if the iPhone came to a better network. In the end it's still going to be personal preference. Dig around in the forums some and play with one in a Verizon store.