The iPhone showed us how bad ass phones can be. And now my European relatives can't rip on our crappy US phones. But we all know that this iconic phone has it in for Flash. I'm here to tell you not to worry. First of all we should always use the right tool for the right job. Sometimes Flash is the right tool and sometimes its not. All Web technology is transient. Whenever I do make a site in Flash I always make sure to implement SEO and use Progressive Enhancement so if people don't have the plugin they still get the content. If you don't believe me open your iPhone and look at this site.
Oddly enough the feud between Apple and Flash has convinced me to take up learning ObjectiveC. A great next step for any good AS3 programer. And while we can't have Flash on our iPhone I've figured out how to have iPhone in your Flash.
Hi there, looks like you don't have Flash
You should try it. There are a lot of great sites that use Flash (not just this one). Download the latest version here.