About a month ago, we showed you an early preview of Flash running on iPhone. Frash is a port of the Adobe Flash runtime for Android to the iPhone, using a compatibility layer, by comex. Frash can currently run most Flash programs natively in the MobileSafari browser. Frash currently only runs on the iPad, but support for other devices (3GS+ only due to technical restrictions) is planned, as well as support for iOS 4.
A release is planned for when Frash is stable. Developers are welcome to join the effort at http://github.com/comex/frash – fork it and send a pull request with your patches.