Unfortunately, the only real tie between the games seems to be having the same name and being set in the same universes -- we don't have any characters to test, but it doesn't seem that you can transfer your actual characters or items from the PC game across to the iPhone. But this will be a trend to watch -- two other major MMOs have started work on official iPhone apps, and of course the 800 lb. gorilla of the MMO world, Blizzard, maker of World of Warcraft, has shown a strong interest in the iPhone as a platform, even though they haven't quite released any games on it yet. In the future, you can probably expect to see platforms like the iPhone host access (if limited) to your favorite persistent online games even while you're away from your computer. Should be exciting.