Although Apple still does not allow plugins for their iPhone Safari browser, Adobe will bring Flash on the iPhone using a different strategy.
Adobe Flash Professional CS5 will have an export for iPhone apps. Thus allowing games and application built using Flash being compiled natively for the iPhone and being distributed via AppStore.
Sadly Adrian Ludwig clearly says in the video
“On the iPhone we don’t have a browser plugin. Flash Player 10.1 isn’t available.”
This means in contrast to the Palm Pre, Apple’s iPhone will still not be able to run Flash based internet pages.
Video is courtesy of Golem.de News