This probably isn't what you think but it is still an extremely interesting development. Techcrunch reports that Adobe is making middleware that allows developers to port their Flash apps to the iPhone.
The upcoming version of Flash CS5 will allow you the option to "Export Project to native iPhone application." You then get a file you can submit to the App Store. This isn't some far of alpha either. There are already apps in the app store (South Park!) that have been developed with Flash, though a full release isn't expected to be out until Flash CS5 - which