It's been the bane of some iPhone users to find that their units don't support Flash and only find broken embed links in the place of Flash content. A developer came out with iTransmogrify last month to remedy this, but it doesn't offer complete support for Flash.

YouTube also come out with Flash support for the iPhone last year, but this process involves users having to convert their Flash content into H.264 format. However, users can probably look forward to complete Flash support on their iPhones soon.

According to Gear Live, their sources have revealed that Apple will soon be offering Macromedia Flash support for the iPhone. They don't offer any other info except to say that it's "just around the corner", so keep checking back here for more details.