Difference Between iPad and iPhone Apps

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hello all,
Yet recently the new idevice was launched, However, prior to the launch of the ipad, the information that i had (which requires your updates) that iphone apps can too run on ipad too. As the ipad app store was launched later than the hardware.
So, my question is, if i am planning to buy the ipad (which has been launched in india yesterday), will my iphone apps would run on the ipad, especially the games ?
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Almost everything that runs on the iPhone will run on the iPad. But in a small window that matches the number of pixels of a 3GS iPhone. You can double the pixels to get it to fit the screen, but some people don't like the pixelaton this causes.
The only things that won't run are things like telephony or photo apps that require use of hardware not present on the current iPad.
Jason