Android (phone) resolution question

hotMagic

For various phones (not the pad types like Nook and such), what happens to the resolution. I saw some various comments about this on the android release thread, but that thread is such chaos that I couldnt see an answer.

Im aware that on the project, I choose Iphone but publish to android, but what happens after that to the various phones?

So if you build for a retina display, what will it display on say, 800X480?
Or for a 960X540 like a droid bionic?

Thanks and sorry if I couldnt find this in some other thread.

hotMagic

Awesome. Thanks gamesalad. I used to make Verizon games and i had some nasty flashbacks for a second...