The FAQ is pretty informative: http://labs.adobe.com/wiki/index.php/Applications_for_iPhone:Developer_FAQ http://labs.adobe.com/wiki/index.php/Applications_for_

The FAQ is pretty informative: http://labs.adobe.com/wiki/index.php/Applications_for_iPhone:Developer_FAQ http://labs.adobe.com/wiki/index.php/Applications_for_iPhone... I especially found this useful: <quote>Which native iPhone APIs and functionality are supported when using Flash tooling? The following native device APIs and functionality are supported: - MultiTouch - Screen Orientation - Saving images to Photo Library - Accelerometer - Geo-location - Cut / Copy / Paste Can applications take advantage of hardware acceleration? Yes. In some cases, the rendering of Flash content will be hardware accelerated. We will publish more information on this when we release the public beta.</unquote>