iPhone 101: typing accented characters

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Over at MacTips they have a nice tip which I figured would make for a good iPhone 101. If you find yourself needing to type an accented character (acutes, graves, umlauts, etc.), all you have to do is hold down the relevant key for a couple of seconds and voilà a nice pop-up menu will appear with the available choices. The trick works for a number of different characters besides the vowels (e.g. ‘z’ and ‘?’) and seems to function as well on the iPod touch.