Adobe announces a new version of its flash software for Mobile Phones. The new version is Flash Lite 3.

Adobe Flash Lite 3 software now supports Adobe Flash Player compatible video and enables the delivery of dynamic Web content on mobile devices.
“With Flash Lite 3 and its support for video, we’ve passed a major milestone in bringing a desktop experience to mobile and transforming the wireless industry,” said Al Ramadan, senior vice president for Mobile and Devices at Adobe. “Today, mobile users experience amazing Flash based user interfaces and applications with handsets like the LG Prada, the LG Chocolate or the Samsung D900. With Flash Lite 3, tomorrow’s devices will offer even richer, more engaging experiences.”

Both NTT DoCoMo and Nokia committed to deliver Flash Lite 3 enabled devices in upcoming releases of handsets. Adobe Flash Lite runs on multiple platforms, including S60 on Symbian OS, second and third edition, Qualcomm® BREW® 2.x/3.x and Microsoft® Windows® Mobile® 5, in addition to embedded operating systems on a variety of OEM platforms.

With over 300 Million Flash enabled mobile devices and handsets shipped so far, Adobe expects more than one billion Flash enabled devices to be available by 2010.
Via this Adobe press-release.