Sorting the photos in an album is available in the past version of IOS.
just mark the pictures you want then tap add to existing or new album (tap add to first)
This is partially true but I found two problems.
1. The photos seem to only be allowed to be transferred to albums made on device, not albums you sync from iTunes.
2. There seems to be a limit of how many or what photos can be added to albums as well. I tried making an album from a vacation with all photos from my photo stream and some would just not transfer.
I would really like the photo albums to be an actual sync between of and iphone and ipad, sub folders and all. I would like to be able to move photos around freely regardless and it would be reflected on all devices. This would be AWESOME because I would be easily able to manage my photo albums across all devices. This is something I would really like to see happen. Many people like to keep their albums organized at home and having everything simple to organize and sync would be nice.
Would also like to be able to do the cool editing of photos like the Facebook when uploading photos (or just simply editing) I like to give photos a bit more contrast and I love the option when uploading photos via the ios Facebook app.