If you want to disable the ‘Cut / Copy / Paste’ invoked by holding down on an element in Safari on the iPhone or iPad use the css:
-webkit-user-select: none;
However, as stressed by Apple, this should only be disabled on a per element basis, and never applied to the whole document.
Apple’s Technical Note TN2262: Preparing Your Web Content for iPad covers this along with using web standards instead of plugins (something that really interests me at the moment).