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It does at least currently on 9.7 pro, though I'd like to be able to drag the split view app to anywhere rather than just either side.
 
Agreed.
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Works good on my iPad Mini 4 but with the swipe-up gesture how it works now it makes it more difficult to bring up the taskbar.
 
I’m sure the removal will ruffle some feathers. I’ve come to appreciate the “pause” of ‘background’ apps on my first gen iPad Pro 12 when using Slide Over (it keeps me from accidentally scrolling and marking apps in the background). I’d like to see the behavior options in Settings.

Currently on Public Beta, iPad Mini 4:
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