TelePad2Pod has released an application that runs iPad apps on iPhone.The requires your iPhone to be jailbroken and have OpenSSH installed. The app change a somef code in the iPad app telling it that it can run on both an iPad and an iPhone.
Read more: http://www.businessinsider.com/heres-how-to-run-ipad-apps-on-your-iphone-4-2011-4#ixzz1KjWfu35B
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