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I wouldn't get too excited. With only 256MB of RAM, it's still going to happen on the iPad :/

Having just tested it, I'm happy to report you're wrong.

Wait until you have more apps running..

Nope. No issues. I'm betting safari gets priority.

Apps in the background may have their resources reclaimed, or be shut down, if foreground apps need the RAM.

Also consider that many apps are using the same (system) libraries, which are only loaded once.