Kinda funny after Steve Jobs' comments, Microsoft licenses Adobe’s Flash Lite. see ZDNet's The motives in a nutshell, and TechCrunch. Here's an interview from Beet.TV's Strange Bedfellows: Microsoft's Silverlight to Stream On Adobe's Flash Light 3:
Also, from Beet.TV a recent demo, Flash Player Debuts on U.S. Mobile Phones:
Update: Beet.TV added another part of the same interview, where Brian Frank "explains how Flash became ubiquitous on mobile phones in Japan starting five years ago:"