"Some folks who work closely with the iPhone product line are telling me that iPhones will support Flash video playback very shortly. While I know there has been a lot of speculation about Flash video on the iPhone not being possible due to battery constraints and other technical rumors, the only real thing stopping it from working is an agreement between Apple and Adobe.
While I don't personally have an iPhone, getting Flash video adoption on the handset will go a long way in helping to make video a lot more portable for handsets. Yes, many phones already do video, but iPhone users amongst all others are always very adamant about showing what the phone can do and the moment it does Flash video, you'll see a lot of iPhone users showcasing that to anyone who wants to watch.
UPDATE: I am already getting a lot of questions about what "very shortly" means and it's a valid question. The answer is I don't know for sure, but based upon who told me the info to being with, I took it to mean this quarter"
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