Flash Magazine reports Adobe Systems' Senior Director of Engineering Paul Betlem confirmed that Adobe is developing a Flash Player for the iPhone at the Flash On The Beach (FOTB) conference in Brighton, UK. The only problem is that Apple controls which apps get approved for distribution in the App Store and Flash, unfortunately, isn't going to be one of them.
Jon Gruber said it best:
If there were a Flash player for the iPhone, you could write games and other software in Flash rather than in Cocoa Touch. And you could sell games and apps directly for the Flash player, completely circumventing the App Store. Does this sound like something Apple would allow?
If Apple won't allow apps like Podcaster and Mailwrangler (let alone a competing Web browser) what are the odds that Apple would allow flash? Unfortunately, it just isn't going to happen folks.
The question is: does Adobe go rogue and release the code for Cydia/jailbroken iPhones. I doubt that too, but one can dream...