It seems thay Macromedia is planning to release the Flash Lite Player 2.0 to developers by the end of this year.
This player is set to have Flash 7 functionality. There was a long Breeze meeting with Kevin Lynch on Wednesday, where various aspects of the Flash Platform have been discussed ( read more here ).
In the meantime I would like to suggest another Flash Lite event presented by ActionScript.it in Rome, on 16th of June For more info please read more here: http://www.actionscript.it/showVetrina.cfm?id=19
Well, it seems it’s time for for me to explore Flash Lite a bit… (mmh, probably it’s the second or third time I already made this promise)

http://flashlite.richardleggett.co.uk/node/26