It is disappointing that despite it being several years since multi-touch resistive layers were invented they haven't shown up in commercial products.
I think you read too much into the hype. You can't do real multitouch with a traditional resistive touchscreen that involves two electrodes and four sense points (one for each side). Oddly, when Engadget was gushing over Stantum for having multitouch they didn't even show it in their video..
Here's some information on an actual multi-touch resistive screen.
http://touchinternational.com/downloads/DeliverySpecifications/6500452-48-F-MARS-104-MDL-01D-Module-Specification.pdf It's accomplished by using several electrodes along X and Y axes. They only offer a 10.1" version which makes me wonder how well you can even scale this approach to 5" displays. The zones are pretty big, and it has some limitations like not being able to detect 4+ presses in a rectangular zone pattern. It's pretty easy to see why this is the case - it's basically using multiple electrodes on the other axis to disambiguate the two axis presses. But here you end up with ambiguity on both axes.
What I wonder is if you even get precise coordinates with the multitouch or if you just get a report of which zone it's in once you have more than one touch. Their demos only seem to show the latter - if you could show something like two people writing on it simultaneously I think they would because that'd be a lot more impressive. But I don't see how that'd even work with this technology.
It's also pretty easy to see why this wouldn't be cheaper than capacitive and why it hasn't caught on.