So after all the debate about what "MULTITASKING" really is to who, it is all relatively pointless now.

http://www.apple.com/iphone/softwareupdate/

IOS 4.0 has been released for iPod Touch and iPhone 3G/S. It does contain a true multitasking feature where several apps can be run at the same time which are all easily accessed. So now i can listen to Pandora radio while web surfing the web or reading the Kindle app or playing solitaire. I can also control Pandora with the iPod controls as well which is really nice.

I expect that the IOS4 update will be out for the iPad in the near future.

Not all features are available for all models (ie 3G vs 3GS).