Avi Greengart, Research Director for market research firm Current Analysis, says Adobe's Flash player performs poorly on iPhone, in its current incarnation, proving more trouble than it's worth.
“There is no question the iPhone delivers a compelling Web experience and there are good reasons to want Flash in there, but Flash Lite wouldn’t give you the Web experience you’re looking for."
The jixt of this statement, as we've known for some time, is that Adobe's Flash Lite player comes with a high resource overhead, taxing the processor as well as battery life. Or so Apple claims. Forces are at work behind the scenes to develop a more optimized solution to bring native Flash content to iPhone users.
Much as I sometimes lament the absence of Flash, I don't see it as a crucial feature. So long as some method exists for scraping content from YouTube, as it does now. That said, having no Flash support is yet one more missing feature that Apple haters will use as fodder for flinging rotten fruit at the device.