Adobe’s back-door approach still is a significant move for the company, though, which wants to ensure that Flash is a major foundation for Internet-based applications. Programmers familiar with Flash could find the Adobe method an easier way to bring their applications to the iPhone world if they’re not experts in coding for the phone and its close cousin, the iPod Touch.
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I wonder if this approach could be used to bring a version of Hulu, or Netflix to the iPhone. Though I suspect that due to limitations set forth by Apple, they would have to convert the video to some proprietary format.