In a rather unexpected turn of events, ZDNet is reporting that Adobe has chosen to discontinue development of its Flash Player for mobile devices. The move is apparently intended to allow Adobe to focus on HTML5 more aggressively.
Our future work with Flash on mobile devices will be focused on enabling Flash developers to package native apps with Adobe AIR for all the major app stores. We will no longer adapt Flash Player for mobile devices to new browser, OS version or device configurations. Some of our source code licensees may opt to continue working on and releasing their own implementations. We will continue to support the current Android and PlayBook configurations with critical bug fixes and security updates.
The full announcement has now been posted to the Adobe website.