A post over at TechCrunch makes mention of Quicktime X’s ability to play Flash .flv files. Quicktime X is built into Snow Leopard which will be released in September. It is quite possible that some of these features can be built into a future build of the iPhone OS. Even now, 2 years after the launch of the iPhone and with the additional features in the 3.0 software, one of the glaring holes is its lack of Flash support.
This probably doesn’t mean the iPhone is going to be able to display Flash websites anytime soon, but it sure is a step in the right direction. This might allow them to at least play Flash encoded videos off of other sites like YouTube that use Flash video players. I’m sure almost every iPhone owner, myself included, would love to see a proper Flash implementation on the iPhone, so let’s hope this means Apple is at the very least thinking about it and maybe one day them and Adobe can get it working with decent performance.