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I just saw this video on the brilliant German Apple site fscklog.

It shows a new way to navigate text in iOS5, but it seems to be only available in Apple’s iWork applications as of now.

When trying to navigate inside a word for example, instead of invoking the magnifying glass — which can be unreliable sometimes — the user can now make short swipes to the left or right with one finger to move the cursor one character at a time.

I sincerely hope this is part of an official API, because I know a few apps that could make great use of this.

(via fscklog: Neue Cursor-Wischgeste in den iWork-Apps unter iOS 5)