Flash for the iPhone SDK

According to Macrumors, Adobe and ARM, which is the chipset Apple uses to power the iPhone, have announced they're making a special version optimized for mobile devices. (And, yes, to be snarky, I'll believe that when I get a version optimized for Intel on the Mac, b'okay?)

Never the less, none other than chief Androidika Andy Rubin himself showed up at Adobe MAX today to show off Flash running on that other handset -- the one I'm Round Robin'ing this week, the G1.

Will that put pressure on Apple? Or if people start suffering Flash exploits, are subjected to Flash cookies, or get tired of jumping monkey ads, will it only harden Apple's resolve?