Jobs, in a meeting Tuesday, opened up a little about what's going on with the Flash situation.
Apaprently, Mobile Flash just plain isn't good enough for him - too weak to really use the iPhone's power, and not enough features. Full Flash, however, is too MUCH for the iPhone.
Basically, he'd like Adobe to create what he calls the "missing product in the middle" before he puts Flash on the iPhone.
In other words, it may or may not be a while.