Flash ARMed to the MAX? Could the iPhone be Next?

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?
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Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.