Before the iPad was released you had basically two ways how to get text on screen. Either you would stick with UILabel or UITextView provided by UIKit or if you felt hard-core you would draw the text yourself on the Quartz level incurring all the headaches induced by having to mentally switch between Objective-C and C API functions.
As of iOS 3.2 we gained a third alternative in Core Text promising full control over styles, thread safety and performance. However for most of my apps I did not want to break 3.x compatibility and so I procrastinated looking at this powerful new API. Apps running only on iPads could have made use of Core Text from day 1, but to me it made more sense supporting iPad via hybrid apps where the iPhone part would still be backwards compatible.
Now as the year has turned the adoption of 4.x on all iOS platforms is ever more accelerating. Many new iPads where found under the Christmas tree and by now even the most stubborn people (read needing 3.x for jailbreaking and sim-unlocking) have little reason to stick with 3.x. Thus we have almost no incentive left to stick with 3.x compatibility. Yay!