A Free and OpenSource Multitasking App? What about multifl0w you say? Hope you didn’t think that was going to be the last multitasking app to come to the iPhone.

Ryan Petrich, developer of OverBoard, has announced ProSwitcher, another Palm Web OS inspired utility to navigate through the applications running in the background on your iPhone, much like MultiFl0w does, only much easier, faster and more intuitive. And to top it all off, it’s FREE andOpenSource! The app is also being developed with the help of chpwn. The project actually started out as PreSwitcher, but the Ryan thought the name may cause some trouble, so now we have ProSwitcher.

The app will use a library called libactivator and allow you to select from a number of gestures such as flick to close, swipe to scroll, tap to open. The app is said to use very little memory and only runs what is needed.

No word on official release, probably a few weeks, but you can easily find the beta or visit Ryan’s hub here: rpetrich’s Profile – GitHub. And obviously you will need a Jailbroken iPhone.