The recent addition of double-clicking the home button for the multitasking bar has been replaced with an upward gesture to open this option up, and downward to close it off.
The implementation of the new multitouch gestures on the iPad appears to be quite successful. Using four or five fingers is much quicker than reaching down to the home button. Home screen pinch gesture feels more natural...like the way it is suppose to be. The video below shows using 4 finger iPad swiping from left to right to move though multitasking apps. Pinching your iPad screen with 4 or 5 fingers returns you to the home screen, removing the need for the home button.
I like the idea of removing the home button on the iPad...I rarely use the downward click of my multitouch pad on my new MacBook Air (Usually I press it in error), that can go away too!
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