"Anyone who currently owns an iPhone and was hoping they would be able to use it as a mobile Web access point for a Wi-Fi iPad just got some bad news.

Reportedly, Steve Jobs has said this will not happen. Swedish blog Slashat.se claims they e-mailed Jobs directly to ask him whether or not you'd be able to tether your iPad and iPhone and received a terse 'No' in reply. According to the report, the email headers made it plausible that the reply had come from Jobs's iPhone."