In a less-than-shocking turn of events, Adobe’s Mike Chambers announced in his blog Tuesday that Adobe will cease its efforts to bring Flash-powered apps to the iPhone, following the release of Flash CS5:

While it appears that Apple may selectively enforce the terms (of the iPhone SDK), it is our belief that Apple will enforce those terms as they apply to content created with Flash CS5. Developers should be prepared for Apple to remove existing content and applications (100+ on the store today) created with Flash CS5 from the iTunes store.

We will still be shipping the ability to target the iPhone and iPad in Flash CS5. However, we are not currently planning any additional investments in that feature.

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