Apple on Tuesday updated the software for its iPhone, bringing the most current version to 1.0.2. Notes accompanying the software update only say that the new version fixes bugs, but does not provide any details on what has been fixed.
The update is available when the iPhone is connected to your computer. After iTunes launches the update can be downloaded and installed.
Similar to the first iPhone update, 1.0.2 validates the current iPhone software -- if hacks are installed, a complete restore will be necessary. If you have not hacked your iPhone, the update process only takes a minute or two to complete the process.