Mossberg just confirmed the rumor that in the "next couple of months" flash support is coming. This opens up the possibility of much better webapps (i still want a real sdk). Would be even better if the flash applets could be stored locally, rather than having to navigate and re-download over edge whenever you want to run a scientific calculator, though.
Link: http://mailbox.allthingsd.com/20070705/questions-about-apples-iphone/
Link: http://mailbox.allthingsd.com/20070705/questions-about-apples-iphone/