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Silicon Republic posted a news story that iOS 4.2 is now available for iPad, iPhone and iPod touch devices



iPads will now support multitasking, letting users switch between the apps they're running instantly, while preserving battery life.

Users can organise apps via drag-and-drop, using folders and their Mail app now has a unified inbox, fast inbox switching and a threaded message view.
  iOS 4.2 is out now