I think the talk about 'Hypercard-like' is confusing the issue. RunRev apparently gives you a Hypercard-like authoring interface on the desktop that can spit out native iPhone OS apps. Jobs at the shareholder meeting appears to be talking about an iPad app that provides Hypercard-like authoring interface on the device itself, which can be used for making interactive documents that are viewed via that app. Very different propositions.

This is a great example of the kind of consumer confusion that I think we're likely to see once there are both 'MacBook Pro's and 'MacBook's on the market. Great naming scheme, Apple!