iPhone OS 4 jailbreak available, enables multitasking on 3G
arstechnica.com
arstechnica.com
However, I don't see this as a problem. You own a 3G, you know it's limited. Why not just have slightly more limited multitasking? It is supposed to seamlessly handle this sort of thing anyway.
I would be curious if the device is really unusable with, say, Pandora open and trying to surf the web. But if it can handle that, then I think Apple is probably just trying to force people to upgrade.