For those claiming that the Flash compiler will make the same Apps as Xcode, I just asked a programmer friend about that and that claim is not true. With the new OS 4 for the mobile devices there are APIs that are Apple's that need to hook into the code properly, the code needs to be written using tools that will do that not just generate a layer of code on top of a more generic base. He is just now starting to write Apps for the store that are mobile versions of his desktop programs. He very much agreed that no way could the code work as well and would be more crippled if written in Flash (yes IN Flash code folks, doesn't matter where it ends up it still starts as Flash action script)
Apple doesn't have to allow code generated in ways that do not work with their system the way they want it to. So people have choices, they can code for other mobile devices or get a compatible C++ program to write the Apps. Some of the others like Unity that compile in Xcode are working with Apple to make sure they are compliant.
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Apparently Adobe isn't even trying, they are are having a hissy fit instead. Maybe it has dawned on them that a whole lot of people, myself included banished Flash from their websites in a week, that there are new Apps everyday so that people can watch video on sites like Netflix or other hugely visited sites have an html5 as an option (via a menu tab) available right now. Flash is very proprietary in that it has it's own type of scripting code and that you need to have a Flash program to use it (not so with other languages like javascript). And now of all things they put Flash creation tools in the latest InDesign program??? Why so it is easier to for people to make horrible Flash ads?? And look at the prices they charge! I am not at all interested in their new suite, even more bloated! I had to upgrade to a MacPro to run the last Creative Suite properly and even still their programs crash all of the time. I had to learn DreamWeaver when they killed GoLive so I can learn something else if I need to. I would miss InDesign (or just stay using the version I have), but it has gotten bloated too and I am not doing as much print work as I am web work so the new tricks in CS5 are not worth the money for the upgrade, I can stay at CS4 for quite a long time. So let them take their marbles and go home, there are other things out there, as long as I can manipulate images (just downloaded a demo of SketchPad Pro and love it) and write CSS code (which can be done in TextEdit if I have to, but I don't have to, BBEdit is good, Xylescope and Coda all can be just as successful for me) I am good.
Thing is people, there are choices, there really are, if you don't like Apple go get a JooJoo or Zune or Dell. No one is making you use Apple products if it upsets you so. And allowing Apps in the store made with Flash as the base is not going to guarantee they will be worth having, Flash player is not secure in web pages, what makes you think Flash code will be more secure ported to an App???
I personally hope that Flash Player is never going to happen on an iPad, in the past I was hoping for it, but then I found other, better things to use instead. But before I did, I found a work around to play a swf file on my iPod Touch, it was awful! Even with a faster processor I just don't know how mobile devices will play swf files properly... go look a JooJoo demo and see how "well" it works!