The difference is I can multitask ANY app I wish on my phone, not the ones that only Steve Jobs tells me I can or the ones a developer decides he wants to update. Many devs are saying they are not even going to bother updating. I shouldnt have to do all the research for you, here is another article.
http://www.tuaw.com/2010/06/14/multitasking-in-ios4-is-not-a-magical-sparkle-pony/
With the upcoming iOS 4, Apple has announced a solution for some of those applications, but only a handful of specific kinds of applications: location data, voice over IP (VoIP), and audio. You will be able to stay on a Skype call even if Skype is in the background, once Skype adds support for it. You will be able to listen to Pandora Radio in the background once Pandora adds support for it. Your GPS app or other location-aware app will be able to keep tabs on your location in the background, once it is updated. In fact, Tom Tom has already announced that its navigation app will be background-ready, so your "At the end of the road, turn left" announcements will come through even if you're doing something else.
That's it, though. Background processing is extremely constrained to three specific areas, which Apple believes will cover most of the things that most people want to do most of the time. Since what iOS 4 is offering is not really unfettered multitasking, Instapaper can't program itself to automatically update itself every X hours or minutes. Neither can your RSS reader. Neither can Simplenote. Neither can 1Password. Neither can TextExpander. Neither can any other application