Is Flash on the iPhone FINALLY arriving?

On March 18, Adobe revealed its plans to begin development on an iPhone ready version of its proprietary media player, Flash. This came after Apple’s release of an iPhone software developer’s kit or SDK. There has been an ongoing controversy over how and when Flash, a now internet staple, would be supported by the popular handheld device.

Current Flash technology is said to be “too slow to be useful” by Steve Jobs, and no faster or lighter version exists which will provide much value to the Web experience on an iPhone. So the question arises, how will this middle man solution affect not only iPhones but the technology used on PC’s and Mac’s currently? If a faster, lighter version can be created for iPhones, why not create it for traditional Web browsing? Also, if Apple continues to demand only standalone applications in its guidelines, how will they handle the long agonized over Flash plug-in? There are many more questions to be answered before the iPhone can compare to traditional internet browsing in terms of interactivity and impact; all the things that Flash enables on the Web.