Adobe should refocus their iPhone-deployment goal on the future of Flash:
Establish Flash (the tool) as the premier tool for creating rich HTML5 content, the same way Photoshop is the premier tool for image manipulation and Illustrator is the premier tool for vector drawing. Adobe is in the tools business, first and foremost.
Of course, I expect this to happen right after Apple allows iPhones to install apps from outside of the App Store. So… never. But it’s nice to wish.
Better to be your own disruptor than someone else, but agreed: it’s wishful thinking to assume Adobe would do this.
Of course, that leaves room for startups to tackle this in some way.