Yes, finally after some bugs and caterpillars, Apple has let the much anticipated iOS 4.2 go live. The iOS 4.2 will gladly make home at your iPhone 3G, 3GS, and 4, besides the iPads. iPod touches (second, third, and fourth generation) will also receive this update, giving them the much awaited multitasking and app folder enhancements to the tablets and touches. The update has a size of 624MB, so have fun updating. The server is kind of hogged now and we’re getting some errors. Probably will wait till tonight to try again.

The Find My iPhone (or iPad or iPod touch) feature is now free to use without a MobileMe subscription and helps you locate your missing device.* The Find My iPhone app is a free download on the App Store and lets users easily locate a missing device on a map and have it display a message or play a sound. Users can even remotely lock or wipe data from a lost device to protect privacy. The free Find My iPhone feature is available for iPhone 4, iPad or new iPod touch (4th generation).

Other new features that iOS 4.2 brings to the iPad include: the ability to rent TV episodes directly to iPad using the iTunes App with a 30 day viewing window and a 48 hour session window once playback is started; the ability to easily find and highlight specific words and phrases on web pages in Safari®; enhanced enterprise support so businesses can take advantage of stronger security features, new device management capabilities and improved enterprise integration; industry-leading accessibility enhancements; and support for 25 additional languages, including Korean, Portuguese and Traditional Chinese.