Techcrunch reports that Adobe has changed their Flash Media Server to stream Flash based content to iOS devices by essentially removing the content from a Flash container and reformatting it on the fly to something palatable on iOS. Two quick comments.
First, the opening quote from Techcrunch:
Ardent iOS supporters have been clamoring for true Flash support for years
I would respectfully disagree with. Ardent iOS supporters probably haven't missed Flash support much, and even less so over time.