At the MAX conference yesterday, Adobe announced that designers and developers will be able to use Adobe Flash Professional CS5 to create rich, interactive applications for the iPhone and iPod Touch.
This is NOT Flash Player running on the iPhone.   There is no new information about Flash Player on the iPhone.   This announcement means that Flash designers and developers can use Flash Professional CS5 and ActionScript 3 to build native applications that can be distributed and downloaded via the Apple App Store.
This new feature was demonstrated in a sneak peak of Flash Professional CS5.   The new features of Flash Professional CS5 also include a new text engine for creative freedom and control with text, XML based FLAs to boost team collaboration on projects, prebuilt code snippets for rapidly adding interactivity, as well as integrations with Adobe Flash Builder to improve ActionScript editing.   A beta of Flash Professional CS5 will be available later this year via Adobe Labs.
Adobe announces ability to publish ActionScript 3 projects to run as native iPhone apps.  More info at http://www.adobe.com/go/iphone
Adobe Flash Pro CS5 beta coming, supporting native iPhone apps.  Sign up and more info at http://www.adobe.com/go/flashprobeta
