Even if Adobe got the chance to release a Flash Lite type of App for the App Store, it still wouldn’t serve its most important functionality properly, being embedded into webpages. Hurdles like this keep the AIR platform and Flash Apps like Workamajig from being able to be used on the popular mobile device. We’ve disccussed the reasons behind Apple’s neglet of the Flash player in the past. Not much has changed. As we’ve said previously, Flash isn’t coming to the iPhone any time soon.
If you want Flash, go get yourself a OQO.