Also see Gruber's take-- http://daringfireball.net/2008/09/adobe_speaks_of_flash_player_for_iphone http://daringfireball.net/2008/09/adobe_speaks_of_flash_play.

Also see Gruber's take-- http://daringfireball.net/2008/09/adobe_speaks_of_flash_player_for_iphone http://daringfireball.net/2008/09/adobe_speaks_of_flash_play... -- which nails it.