It's about damn time. That's really all you can say to the news that multitasking is finally making its way to the iPhone. AppleInsider reports that “people familiar with the design of iPhone 4.0” have confirmed that multitasking will finally be making its Apple-device debut. Does that mean multi-tasking for the iPad? Probably.
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Multitasking in iPhone OS will be handled in the same way as the Mac Expose feature. Two clicks of the home button will bring up an interface with a bunch of app icons on it. Users will be able to switch apps at will from that panel.
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The iPhone has actually been capable of multi-tasking for quite some time, but the feature has been kept disabled due to its effect on battery life. I imagine we'll see the iPad's impressive span drop considerably while multitasking (although it is still likely to be 8+ hours)