Haven’t posted in a while, and i really thought this announcement was done well. I got a huge kick out of the video they showed at the MAX keynote on Monday.
So it is true! In your hands in a public beta to be out this year, as Johnny L said, you can use Flash Professional CS5 and make iPhone apps. I haven’t actually played with it at all, as I don’t own an iPhone (many of my co-workers mock me as a luddite for this) but it looks awfully slick.
More info on the public beta is up at adobe labs.
And while you are at labs, check out the fresh off the presses Flash Builder and Flash Catalyst betas! Good stuff.