MyIsam engine transaction support

I was testing transaction support in innoDB tables, and just for the curriosity I tried to run the same transaction on MyIsam table, and surprisingly it worked. I am assuming that on myIsam table queries are executed one after another not in one atomic operation and I don’t get any errors from START TRANSACTION and COMMIT and ROLLBACK operations. I am interested, is MyIsam engine just ignoring this operations or does it perform some actions?