Indeed, Flash support is still currently unavailable and in the works in preparation for the iPhone 2.0 firmware *fingers crossed* . Pretty much everything Mike said. One thing though, some recent investigations have uncovered a patent filed by Apple in the past few months revealing some pictures of the iPhone loading up Flash sites successfully .

Adobe CEO Shantanu Narayen did mention a while ago that they believe that Flash is SYNONYMOUS with the Internet browsing experience, and that they were indeed planning on bringing Flash to the iPhone. And although his statement was withdrawn the following day, I guess even Apple's developers have probably realized by now that the iPhone Safari experience is missing out a huge chunk without Flash. Hence, here's hopes to the dawn of full, actual Flash support on the iPhone!