The Droid DOES have multitouch. Multitouch is simply the ability for the keyboard to process two simultaneous inputs. The Droid can, just not in the way that previous touchscreen keyboards have implemented it.
First, one must understand why multitouch is important (and it is important; it would be downright ridiculous for a new flagship touch screen smartphone to be released without it). If you are typing quickly, then you will, invariably, start striking a key before you have completed lifted your finger from the previous key. Without multitouch you'd end up skipping a bunch of letters. Even if you don't type fast now, if you are using the virtual keyboard, as you become more comfortable with it you WILL start typing faster, and this limit to how fast you could type would become extremely annoying without multitouch. With both the Droid and the iPhone (and most, if not all, new phones I think) you don't have to worry about that.
The iPhone and others (all?) implement multitouch in the same fashion as your ordinary keyboard. If you hold down one key and then start typing other keys (while keeping the first key pressed) the other keys will be inputted. This is the same as your laptop/desktop keyboard works, except your laptop/desktop keyboard will repeat the first keystroke over and over until another key is pressed (this would probably be an annoying feature on a touchscreen keyboard, so most don't implement it that way).
The Droid keyboard is an improvement on this. On the Droid keyboard, once the first key is pressed it is inputted and you can start pressing the next key (so both are now simultaneously pressed) and then release the first key and then the second key will be inputted. That makes it a multitouch keyboard. The improvement comes with this: The Droid designers realized that the only time multitouch is needed is for that small time interval (<1s) when key strokes overlap during the typing process. They decided to improve the functionality of the keyboard by making the long press mean something. If you long press certain letters (a, e, n, etc) you'll see options for special characters (accents and such). Thus you CAN'T prove multitouch by holding one letter for a long period of time and then pressing another. It's a little tricky, but you can illustrate Droid's multitouch capabilities by pressing one letter, then pressing another letter and releasing the first letter and watch the second letter appear. I'd recommend using two letters with long press meaning (such as a and n) so that you know if you held the first letter too long.
These long press options are quite convenient because they enable typing in different languages. In fact, I wouldn't be surprised if the next generation iPhone took advantage of these capabilities. Of course, then, iPhone fan boys will be lauding them as the great innovators.
There is the issue of holding shift while typing, which the Droid does not employ. The Droid designers, again, took advantage of the long press. If you're going to type a long all caps string, rather than making you hold the shift key, you can long press it. It's actually easier, but it's different so it may take some people a while to get used to it.
First, one must understand why multitouch is important (and it is important; it would be downright ridiculous for a new flagship touch screen smartphone to be released without it). If you are typing quickly, then you will, invariably, start striking a key before you have completed lifted your finger from the previous key. Without multitouch you'd end up skipping a bunch of letters. Even if you don't type fast now, if you are using the virtual keyboard, as you become more comfortable with it you WILL start typing faster, and this limit to how fast you could type would become extremely annoying without multitouch. With both the Droid and the iPhone (and most, if not all, new phones I think) you don't have to worry about that.
The iPhone and others (all?) implement multitouch in the same fashion as your ordinary keyboard. If you hold down one key and then start typing other keys (while keeping the first key pressed) the other keys will be inputted. This is the same as your laptop/desktop keyboard works, except your laptop/desktop keyboard will repeat the first keystroke over and over until another key is pressed (this would probably be an annoying feature on a touchscreen keyboard, so most don't implement it that way).
The Droid keyboard is an improvement on this. On the Droid keyboard, once the first key is pressed it is inputted and you can start pressing the next key (so both are now simultaneously pressed) and then release the first key and then the second key will be inputted. That makes it a multitouch keyboard. The improvement comes with this: The Droid designers realized that the only time multitouch is needed is for that small time interval (<1s) when key strokes overlap during the typing process. They decided to improve the functionality of the keyboard by making the long press mean something. If you long press certain letters (a, e, n, etc) you'll see options for special characters (accents and such). Thus you CAN'T prove multitouch by holding one letter for a long period of time and then pressing another. It's a little tricky, but you can illustrate Droid's multitouch capabilities by pressing one letter, then pressing another letter and releasing the first letter and watch the second letter appear. I'd recommend using two letters with long press meaning (such as a and n) so that you know if you held the first letter too long.
These long press options are quite convenient because they enable typing in different languages. In fact, I wouldn't be surprised if the next generation iPhone took advantage of these capabilities. Of course, then, iPhone fan boys will be lauding them as the great innovators.

There is the issue of holding shift while typing, which the Droid does not employ. The Droid designers, again, took advantage of the long press. If you're going to type a long all caps string, rather than making you hold the shift key, you can long press it. It's actually easier, but it's different so it may take some people a while to get used to it.

") we might as well be arguing creationism or intelligent design.