9to5Mac from the latest iOS 5 beta, including one of the Assistant settings (), giving some insight into how it will integrate with device info such as contacts and location. Additionally, it appears speech data will be crowd-sourced to improve the performance of speech recognition results over time (it appears you can opt out of this feature).
The site also posted a screenshot () of new API header files related to Siri, which indicate Assistant will also integrate with your calendar and e-mails.
Assistant will almost certainly be a more heavily integrated and fleshed out implementation of the Siri personal assistant app. You can watch a demo video here to get a sense of how this may tie into iOS.
While Apple is constantly playing catch-up to Google in rolling out new mobile OS features, the "don't release it until it's done" approach from the Apple camp almost always yields more robust results when they are finally rolled out. When it comes to accurate voice recognition, however, the more input data the merrier. Google's Voice Actions has had quite the head start at this point so it will be interesting to see how Assistant compares at launch.