Adobe has announced that their CS5 suite, the latest version of their industry leading content creation tools like Flash, PhotoShop, Illustrator, and InDesign, will be launching April 12 (with availability likely to follow at a point that is later).
The big news for iPhone developers is that Flash CS5, as previously reported, will allow ahead-of-time-compiling that should allow for easy (or easier) porting of Flash apps to the iPhone, iPod touch, and iPad.
So, if you prefer developing in Flash rather than Xcode and don't mind the lack of interface builder tools, you can stay in Flash and spit out iPhone binaries. (Just please -- please -- make them awesome).
Though not specifically iPhone related, Adobe is providing some sneak previews of other CS5 apps, including one I still don't -- nay, can't -- believe is real: content aware fill for Photoshop (embedded below, but watch it on as big a screen as you can.)
Now if they were to add this to an iPad version of a PhotoShop.com app...