This is a significant development and seems to be win-win for both Adobe and Apple. It will be very interesting to see how this plays out and if iPhone App dev

This is a significant development and seems to be win-win for both Adobe and Apple. It will be very interesting to see how this plays out and if iPhone App development in Windows/Flash is as seamless as Adobe is claiming. But if it is, along with the support for RTMP, Remote Shared Objects, AMF, and SQLLite, it could be a big boost for Adobe.