Benso, yes level conversion can be a simple resistor in the line/connector. I just found this link: http://www.eham.net/articles/18197 I like how the guy modified a cheap blue tooth ear piece for line in/line out. I think these are minor problems though, the big hurdle is someone finding the time to port/develop a PSK app for the device.
Regarding 4800 baud NMEA GPS, I'm new to tablets, so can you tell me what is cgps from gpsd? I was more concerned about what kind of hardware would be required to pull spit serial out from the device. So far I've only found overpriced ~$100 blue tooth serial dongles for this purpose.