Photoshop :: Designing On The New Retina Update

I've updated to the latest version of Photoshop that finally gives us retina support.. it does look beautiful but is it about to make our life harder? I design for both web and print and decided to test it out.
 
I created a standard document 1024x768/72, i was given a tiny canvas on screen, definitely not the size it should be, my understanding is that if i save this and load it on non-retina it will be the correct size?
 
So, if i want to create the same document, but also the correct size on retina, what should the dimensions be? Do i simply double the pixels, increase the resolution? Am i going to be forced to save all graphics twice?
 
We're headed down a path that requires adding new steps to our work flow and i'm not quite sure what that is yet.