Chris over at Mobile Tech Addicts  has got the scoop on Flash for the iPhone and posted the following story.

At the Flash On The Beach (FOTB) conference in Brighton, Sr.
Director of Engineering at Adobe Systems Paul Betlem, confirmed that
Adobe is indeed developing a Flash Player for the iPhone. However,
Apple calls the shots ahs to when it’ll be available. In other words
Apple could just say no, but at least we have some hope now.

The Town Hall meeting sessions are usually a great source of Adobe
information and the one at this years Flash On The Beach conference was
no exception. The session was full of nuggets for Flash users, but the
most relevant piece
of information for others was about Flash Player for the iPhone. Upon a
direct question from the audience, 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.

After an interview with Adobe CEO Shantanu Narayan, the rumour mill
got into high gear. Now we know that the Player exists within Adobe.
Apple may have many reasons for not allowing Flash onto the iPhone, but
if anyone has a good shot at getting their technology into the device,
it would be Adobe.

Via flashmagazine by way of Mobile Tech Addicts