The ever present specter of Flash on the iPhone has once again, reared its head. Adobe CEO, Shantanu Narayen, stated during Adobe's Q2 earnings call that the company has Flash running on the iPhone within emulation:

"We have a version that’s working on the emulation. This is still on the computer and you know, we have to continue to move it from a test environment onto the device and continue to make it work. So we are pleased with the internal progress that we’ve made to date."

If Apple allows Flash on the iPhone, this would introduce a feature many iPhone users have been clamoring for.

Just don't hold your breath. Steve Jobs has been critical of Flash Mobile, suggesting that it isn't powerful enough for the iPhone.

Hopefully, the two companies will iron out their differences and give customers the option to install Flash on their iPhones.

Via Silicon Valley Insider