We have spoken several times about Flash CS5 that will allow to transform the Adobe Flash applications in real native iPhone apps ready to be distributed through the AppStore. This video shows a quick overview of everything that Flash developers will be able to:
The are many possibilities. The only limitation is the skill of the developer. You can create games using the accelerometer, a multitouch applications, apps with video, pictures or even Twitter. We are looking forward to Flash CS5 release.