FlashLite, the mobile version of Flash, has continued to build momentum. FlashLite 3 was recently announced as including the ability to deliver video content to devices. Hopefully that will open up the rich web video ecosystem to mobile phones and help jumpstart the mobile video world.
With FlashCast support, both customers and users will find the mobile experience much smoother. Developers and designers now have an easy way to deliver Flash content to devices. Users can now easily pull that content into their phone. FlashCast abstracts some of the more difficult parts of deploying and downloading content which has hindered growth of the market in the past. Now, that should change, and I think it should have a positive effect on the small but expanding mobile market in North America. Biskero.org has some information about how well FlashCast has done in Asia.
More info over on Bill Perry's site as well.