Adobe showed at the Adobe MAX 2008 developer conference Flash 10 running on Android. See a video of full flash running on the T-Mobile G1 below.
The Apple iPhone might never get Adobe Flash because it would impact Apple's software control over the iPhone. See this new Wired article about this topic. This is a real disadvantage for the iPhone as Flash is very popular on the web especially for video playback and online games. When the Flash Player 10 will be released on the Android OS is not known yet.
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