According to CNET, Android multitouch is on the way and should arrive by the end of the year. You know, if you haven't hacked it.
Backing up for a second, It's easy to think that Android supports multitouch, since Android phones like the HTC Hero use special builds of the software that include the feature. But your average Android phone is stuck in the single-touch world, which is just sinful when compared to the multitouch iPhone or Pre.
CNET believes that upcoming Android variant "Eclair" will feature multitouch, and they believe Eclair will first make its arrival on a Motorola phone this holiday season.
Until then, just try to forget that Android lacks multitouch.