Some more good news coming from Adobe with them contributing a new virtual machine to the open source Tamarin project. This new VM - internally called QVM - known to the outside world as Tamarin-Tracing essentially brings the power of AVM2 (ActionScript 3.0/ECMAScript 4) to mobile devices. It wouldn't be a stretch of the imagination to see this as a first step into bringing AS3 Flash content and eventually Flex/MXML to mobile and devices. Exciting times ahead, given the current restrictions of a technology like Flash Lite I hope for widespread adoption of this new engine.
Read more http://www.onflex.org/ted/2007/12/meet-qvm-new-tamarin-vm-contributed-to.php http://www.jamesward.org/wordpress/2007/12/18/qvm-mozillas-new-mobile-vm-for-ecmascript-4/ http://hg.mozilla.org/tamarin-tracing