NVIDIA demo Windows 7 multi-tasking on ION (video)
Also during the NVIDIA and Microsoft joint press conference today, Drew Henry from NVIDIA demonstrated Windows 7 multi-tasking with the ION.

This new low-cost, low-power platform is set to first hit the market as tiny desktop computers and then later find its way into netbooks.
As Drew Henry rightfully stated, you won't see an Intel based Atom and chipset netbook doing anything like this.
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