You guys are talking about multitouch as if 90% of the tablet's operation is going to be using it. Even on the iPhone it's sort of an optional gesture to use... for the most part (90%), you can manage the phone with a single hand, tap & double tapping your way around.

On the browser (the most important app to me), it takes a quick double-click to zoom into the target's div-width. Another double click to zoom out. Single click to pick a link. That's all there is to it. I very rarely need to manually zoom in\out with multitouch... and when I do, I very much prefer the fluidness and precision of multitouch than (-)(+) buttons like on the Android's browser.