Oh no, this is what happens when you rush into releasing quick updates.
Take a look at the Windows Phone 7 copy/paste implementation – isn't that horrible, boring and not that finger friendly either!?
Google copied the UI implementation Apple invented (which is not that perfect by the way) and implemented the same kind of copy/paste, which is finger friendly and looks "OK", I don't really understand why Microsoft had to make it so small and… boring…
See for yourself: