Necropost to my own thread... Nice.

Adobe seems hell-bent on waiting until the 4th anniversary of "too late" to finally ship a version of Flash that can play video on a mobile device.

http://www.engadget.com/2011/03/18/flash-10-2-hits-android-today-adobe-hopes-for-viewable-720p-pla/

Incidentally, with Apple's more relaxed rules for the iOS App store, I can't immediately think of a reason Adobe wouldn't be able to have a stand-alone Flash Player approved. They could create their own web browser using the WebKit API and handle the Flash right within the app.

The one reason I can think of doesn't have anything to do with Apple. The performance would still be complete crap because Flash sucks. Everyone at Adobe knows this. They knew it when they bought Macromedia. But they still want to beat that dead horse in hopes it will bleed more money.