According to a ZDNet scoop, Adobe is rumored to be dropping development of Flash Player for mobile devices entirely, referring to this announcement:
Our future work with Flash on mobile devices will be focused on enabling Flash developers to package native apps with Adobe AIR for all the major app stores. We will no longer adapt Flash Player for mobile devices to new browser, OS version or device configurations. Some of our source code licensees may opt to continue working on and releasing their own implementations. We will continue to support the current Android and PlayBook configurations with critical bug fixes and security updates.
Now if you’re still wondering why Flash is not supported by Apple’s iOS devices, the late Steve Jobs told us so in his open letter Thoughts on Flash over a year ago.