Uhhh... I can't think of a single reason why Apple's implementation of multitasking won't work perfectly for 99.9% of people. It does background music, GPS, etc. I mean, I am not trying to render a 3D model on my device here. Plus, app switching will be incredibly fast on a 3GS, iPad, and new devices.
I just don't understand your complaint AT ALL. The "true multitasking" arguments that many people have just don't use any consumer-based logic. They are 100% geek and technical arguments that don't matter to real-world people.
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I think it is still unclear what exactly Apples multitasking means for existing apps. My previous example was getting a phone call in the middle of playing GTA:CW. If you haven't saved, you just lost all your progress because the app quits. Now the question is do apps have to have the fast switching programmed into them or is it taken care of by the OS? That could be what some people are worried about. As it is I was under the impression that all the apps were supposed to save state, but obviously, I am wrong.