The much anticipated iPhone firmware 2.1 update has been released by Apple and is ready for your iPhone.

The latest update is supposed to clear up dropped calls, add Genius playlists, speed-up backups, improve accuracy of 3G signal strength display and pretty much makes the iPhone a better friend.

Just plug your iPhone into iTunes and check for updates. What could possibly go wrong?

Drop your iPhone 2.1 update success or horror story in the comments below.