Configure the iPhone for UW Exchange

Apple today released the 2.0 version of the iPhone software. This upgrade is free to iPhone users, comes standard in the new iPhone 3G and is a paid ($9.99 I think) upgrade for iPod Touch users. One of the key improvements with this upgrade, is vastly improved support for Microsoft Exchange. Users will now be able to automatically synchronize their email, contacts and calendar. This synchronization is wireless and immediate giving iPhone users a similar experience to Blackberry and Windows Mobile users. Also similar is the ability to remotely erase the contents from the phone should it be lost or stolen.

OK, I’m sold. How do I configure the thing?
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