We just submitted MobileNoter 2.0 Beta to App Store. As usual it will take some time before it is approved and becomes available for download.
From Quick Start guide:
Starting from the version 2.0 users are able to edit pages in the notebooks, uploaded from the OneNote.
To perform this, press "Edit" button, then select the text block which you want to edit. Press the button appeared and make the desired changes.



You may also select an image and move it anywhere you want.
