from : Flash Magazine
Paul Betlem for the first time publicly confirmed that Adobe is actively developing a Flash Player for Apple's popular phone. He said (not direct quote) "My team is working on Flash on the iPhone, but it's a closed platform." He noted that Apple makes all the decisions, so in other words, the ball is in Apple's yard at this time. If Apple says yes, Adobe will have the player available in a very short time.
Looks like Apple is again calling the shots on what users really want and crave to see on their iPhones. It remains to be seen how responsive Apple will be to its user base and release it to the public. Flash on iPhone will take iPhone web-apps and website to whole new level.