Adobe is adding support for Apple's HTTP Live Streaming technology to Adobe Flash Media Server, which means live web video using that platform will soon be compatible with iPad, iPhone, and iPod touch. Currently this type of live video is only available via Flash plugin, which is still inching its way towards mobile, and which Apple is still not interested in for their devices.
By offering HTTP Live Streaming on the server side, no Flash plugin (or any other type of plugin) is required for iOS -- it just detects Safari or the embedded web view and serves the supported H.264 format. (Which sounds similar to what Microsoft did for SilverLight video almost a year and a half ago.)
Video demo of HTTP Live Streaming to iPad, after the break...
[Adobe, thanks Anthony!]