We have waited and we have waited, yet despite there even being a touch S60 handset, there has been no method to copy text from webpages in the S60 browser. There have been workarounds but even they have been hardly successful.
However, the solution I have just hit upon holds promise. On a previous post of mine about copying text from the S60 browser, Cousin Issac has written about a website called Mobitol he has made that pops the entire text of the entire webpage into a text box from which text can be easily copy using the default S60 method.
All you need to do is visit Mobitol, enter the URL of the page you want the text from and select go. The entire text on that webpage will be put into a text box, like the one pictured above. Next simply scroll to the text you want and copy it. The website also has an option to display the source code of the webpage, another thing the default S60 browser is incapable of. There is even an option to open the text box in a new window.
TIP: Save the webpage that you want text from as a bookmark. From the options to edit the bookmark copy the URL and paste it on Mobitol for quick navigation.
The website is still in beta and therefore at times a bit of the source code is also put into the text box along with the text, fortunately the developer is aware of this bug and is working on it. He also has a few other FAQ’s on the same page if you hit a roadblock.