Major differences between the iPhone and the iPod touch after SDK?

I was so excited to read that there will be apps available for the iPod touch soon - the only reason I haven't upgraded from my 30GB iPod is that I use the games all the time when I'm on the treadmill. Not having games available regardless of WiFi connection just wasn't going to work for me.
That being said, once the SDK comes out, will there be any major differences (besides the phone, obviously, and WiFi connection to internet vs. connection anywhere) between the two devices? I have one year left on my current phone contract, so I'm thinking I don't want to wait that long since apps will be available on the Touch soon.
Any insight is appreciated!

We have NO idea.
But, let's play for a minute...
Touch will still not have:
Phone
BlueTooth
GPS capabilities
None of which I care about, except maybe the BT, which is not there, so it doesn't matter.
Maybe a future version will have BT, but now, no.
So...if they do really open the Touch, it will be the same sans the above - which is great by me.

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