lol, that's a great argument When i said 'upcoming' applications, i've meant specifically designed for iPad, already you can have all the iPhone applications on iPad.
No it won't. It will get half-ass mobile version ports. If you think it'll get games that are "currently on it".. you are retarded. Or you'll have a phone that will consistently RROD, and have battery life nearing 1 minute. Yes they can compile the same with XNA, but they are obviously scaled down significantly.
Most devs have released Universal versions, that include iPad, iPhone and iPhone 4 resolution graphics to ensure crispness is preserved across platforms.
You're a fool to think that the games will be designed for the Phone, while being the same game (as you've seemed to state.. tehy'll be the same 'AWESOME HD 360 GAMES!!'... While still being designed to play well on a phone. Trust me on that, direct ports from a console to a handheld don't work. They haffto be restructured.
Good Example of a good restructuring.. the iPhone version of GTA: CTW. It's magnificent to play on the iPhone.