User MisterDumi was kind enough to debunk how bad the multitasking would potentially be on the SGS3. From his test, he said that all the apps loaded where he left them.

Note that he only had 3 or 4 apps loaded. Who knows how this would play out after opening 6 or 10 apps.

[YT]http://www.youtube.com/watch?v=I5wRaFSDIPo[/YT]

Please subscribe to his channel and check out all his other videos. He has an extensive LED Notification video showing off all the colors.