And that means it's what I said from the first day I saw Honeycomb. It's a new branch. 3.X for Tablets and 2.X for phones.
So don't be disappointed, it absolutely makes sense. There is no way that this kind of GUI is usable on small screens, I would say <7 inch. They need to do a complete redesign. And such a redesign can't be named Honeycomb.
However, technologies from Honeycomb are likely making it in "Ice Cream Sandwich". Even the name suggests it. So, don't get mad. The newest version of Android for phones is currently Gingerbread, followed by Ice Cream Sandwich, while the tablet os is Honeycomb. Now we need to wait if Samsung says their Galaxy Tab is a phone or a tablet :).
[via Talk Android]