Kevin Lynch, CTO of Adobe responded to Steve Jobs’ ‘Thoughts on Flash‘ open letter (summary here) with a short blog post late last week.Kevin writes that if Apple tried to cooperate with Adobe a bit more, then they could “provide a terrific experience with Flash on the iPhone, iPad and iPod touch”.
Kevin wrote:
However, as we posted last week, given the legal terms Apple has imposed on developers, we have already decided to shift our focus away from Apple’s iPhone and iPad devices for both Flash Player and AIR. We are working to bring Flash Player and AIR to all the other major participants in the mobile ecosystem, including Google, RIM, Palm (soon to be HP), Microsoft, Nokia and others.
Read the full thing here.
Amnesia Blog 
Thanks for this information. I think it is true. Adobe can improve its flash on iPhone and iPods.