A new video posted online has revealed the new “iPod Out” functionality of iPhone OS 4.0. Shown briefly during last week’s iPhone OS 4.0 event, on a slide naming some of the software’s new features, the “iPod Out” feature wasn’t described in any detail, nor is it mentioned on Apple’s iPhone OS 4 preview page. TUAW reports that the “new application” displays a simplified, Click Wheel iPod-like…
