When I was asking questions at the apple counter at best buy before I purchased the iPad (yesterday), I was told that OS 4.0 will have multitasking. Maybe true, maybe not, but I would think that it will make cutting and pasting a lot easier for you.
Still have a lot to find out about this iPad, but so far I am using it more then my desktop at the house. And right now, I am on watch and this is faster then NMCI! Lol. So that already is a plus for these long watches.
