Apple iPads, iPhones get Flash video at last
Adobe's Flash Media Server 4.5 introduces support for iOS devices, which lets broadcasters stream Flash-based video content in an Apple-derived format, HTTP Live Streaming.

Media publishers can now stream Flash-based video to iPhones and iPads, Adobe Systems has announced. iPad
Adobe yesterday released Flash Media Server 4.5, which introduces support for Apple's iOS mobile operating system. It does this by letting broadcasters stream Flash-based video content in an Apple-derived format, HTTP Live Streaming (HLS).
However, the advent of Flash Media Server 4.5 only enables Flash video streaming to iPhones and iPads. Flash-based games, animations and advertisements will still not work on such devices.
Read more of "Apple iPads and iPhones finally get Flash video" at ZDNet UK.