Today's little nugget of a discovery seems pretty simple. When you are typing in a URL or something and you stuff up, you want to delete one letter but you don't want to backspace everything to get there. So you use the left arrow and the right arrow to make your way slowly through the address to remove the delinquent letter. However, there is no such button on the keyboard. And this is why.
If you tap and hold down the text field, whether it be the location bar or a field in a form, a magnifying glass will appear which allows you to move your finger to the left and right like a mouse pointer, moving the cursor to your desired position. It will look a little something like this:
For N9 users, try it out and leave your comments below if you also did not know about this (it wasn't in the user guide!)
By the way, the N9 does have a forward and back button for the browser. It just doesn't appear when there is no need for it.