webOS 1.2.0 has just been released today. The big new features for the update include support for app purchases in the Catalog in addition to a ton of little fixes and improvements.

Here's a list of the changes from Palm:

• Search is now available in the email app, allowing you to find by subject, from, to, or CC fields (no message search yet).
• The web browser now supports cut, copy, and paste within a webpage (text only).
• Music purchases via Amazon can now be done over EV-DO. It's not clear if they mean that you can download the tracks, or just queue them (that would be lame, however). Anyone test this yet?
• A new gesture has been added which allows you to swipe down from the top of the screen to open the application or connection menu -- which should be a huge help to everyone missing those small targets!
• You can now download files from within the browser, and Palm has created an easy method to open a link in a new card.

Sadly though, those of you expecting this update to fix the iTunes syncing should brace for dissappointment.

Today Walmart has cut the Pre's price down to an amazing $79.99 (with contract and mail-in rebate). Really starting to feel sorry bad for those who dropped $200 at launch...