Flash video comes to the iPhone via Skyfire
You heard it correctly. After two months in the approval process Apple has finally pushed through Skyfire 2.0. This is a Safari overlay that adds in a ton of extra functionality including the ability to transcode Flash video on a remote server and stream it back to your iPhone in HTML5. The demo video above shows a lot of clever Facebook integration and expanded searches. Not ALL of the internet's Flash video will be available such as Hulu which is already actively blocking Skyfire.
The app is scheduled to be released by Friday and will cost $2.99 from the App Store.