With the upcoming Flash CS5 we will able to create iPhone applications using Actionscript 3 and the Flash IDE (Flash CS5)!
It also seems that in the future it will be possible to compile iPhone apps using the free flash compiler.
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Most of the Flash Player 10 and AIR 2.0 APIs will be available, so for instance: pixel Bender filters and also dynamically loading SWFs that contain ActionScript (but the Actionscript will be ignored since there’s no flash VM in the iphone).
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