Apple has announced that the latest update for iOS will be available today. The update will bring us to version 4.2 of the operating system and bring the long awaited multitasking to the iPad.
The update will also bring folder functionality, airprint, airplay, and find my iphone to all iOS devices. The find my iPhone service was once tied to a MobileMe subscription but is now free.
The update brings a horde of new features to iOS devices and will be available soon from iTunes. As of 10:48AM EST the update was not up yet.
Update: Now Available