Adobe just released a mobile version of Photoshop for the iPhone. Let me just surprise a few people here by saying that Adobe did a pretty awesome job with this. It's a really nice little application, and it's free. Sweet. Although it doesn't appear to be available in all of the international versions of the App Store yet.
I can't help but think that this would have been a good showcase application to show off what Flash-generated iPhone applications can do. Alas, it appears to be a bog-standard Objective-C application, complete with nibs and byte-swapped PNG images.