Last week Steve Jobs told the world that Adobe Flash is far to resource intensive and buggy to work well on any mobile device. He indicated (quite correctly) that there is no need for Flash on the iPhone since other technologies exist to deliver better functionality and performance. So in not so many words he indicated that Apple would not be supporting Flash on mobile OS X.
Today Adobe announced they believe that they can port Adobe Flash to the iPhone with the SDK. Adobe believes that they develop support for Flash in the form that can be delivered through the iPhone/Touch Application Store. Perhaps they can but regardless there’s no compelling reason for any iPhone user to download it and plenty of reasons not to.