This prediction closed early due to breaking news.  At least for now, it appears there are no immediate plans to get Flash working on the iPhone.  The community was right. -- The Industry Standard

According to a "reliable source" cited on Gear Live, the iPhone will support Flash "very soon." It makes sense -- a great deal of online advertising, video, casual games, and some navigation/usability features require Flash, and supporting it would make the iPhone even more useful. So, Apple will indeed make this announcement soon -- by mid March.