Yes that’s right, you can now build iPhone apps with Flash using the functionality which was introduced in Flash CS5, following Apple’s announcement last night that it is relaxing the rules in it’s “App Store Review Guidelines”.
You might recall Adobe introduced this great new functionality earlier this year with Flash CS5, allowing Flash developers to build apps in Flash and then compile them quickly and easily to run on an iPhone or iPad as native apps. Apple then issued an announcement on almost the same day as the launch that it was changing it’s T’s and C’s so that apps compiled with 3rd party tools (such as Flash) wouldn’t be accepted into the iTunes Store. There was quite a bit of noise around this at the time as Apple had basically squashed the single biggest new features in Flash CS5 in one go.