A very important information, because if it becomes possible for flash developers to translate their flash apps into iPhone apps, the market will explode completely.
I think this is Adobe trying to keep Flash relevant while the world is going to move to HTML5 and H.264.
Flash is a proprietary format that does not belong on the web. It has been successful because it has been perceived as a standard, and a lot of people thought that they "had" to support it. More people are now realizing that it does not have to be that way, that Flash is buggy, heavy on CPU and bandwidth, expensive, and insecure, and are moving away from it. The iPhone and soon the iPad are just helping them move faster.