Is there any undo command when editing any field When editing text fields, is there an UNDO command ?

If you paste something in a text field by accident, the only way you can delete this, is to backspace over it ( or highlight and cut ).

So I was wondering whether there was an UNDO command I haven'f found yet.

I am running Froyo on a Samsung Galaxy S.
It seems there is not, star this issue and pray that it gets Google's attention: http://code.google.com/p/android/issues/detail?id=6458