omahanime said:
Your idea may be best. This article points out the ipad shortcomings
http://www.aolnews.com/nation/article/with-ipad-does-apple-have-an-idud-on-its-hands/19337415?icid=main|main|dl1|link6|http%3A%2F%2Fwww.aolnews.com%2Fnation%2Farticle%2Fwith-ipad-does-apple-have-an-idud-on-its-hands%2F19337415
Multitasking, if it'll come, will come in the form of an iPhone OS update (which might even happen before the laucnh). Though multitasking will be rather limited by the OS anyways, with music playing in the background and chat notifications as like the only things which would truly be possible. For all the other things, you usually have to switch between apps, which doesn't take too long based on the reports
Flash support, if it'll come (which will most likely not happen, Flash is bloated and outdated, and apple is trying to move away from it in favour of HTML5), will also come in the form of an OS update or will be provided by Adobe. There's ways to convert flash into an app now, as well as some video streaming sites having an HTML5 beta (Example:
Youtube). So yeah, don't count on it, unless Adobe finally shapes up (and even then, adds will probably be the main thing it'll constitute to).
Cameras will probably come as extras, since there's no single orientation, so no real place to put a camera, unless you put it on all 3 remaining sides (or on the back for ultimate silliness). If you really need one (video conferencing is the only thing I can think of which would make a camera on a device such as this useful, unless you have a vlog or something), then yeah, waiting for the 2nd version might be a good idea, but based on what happened to the iPod touch, don't get your hopes up...
Waiting for the 2nd version will probably mean you'll wait a year or so just to get a slightly better version with maybe a camera, doesn't sound like the best idea to me, just sayin'.