Did Adobe ever put a serious effort into mobile Flash development? It seems they were more interested in blaming Apple for the lack of mobile Flash than actually doing the work required to make Flash a remotely viable option for mobile devices. I wonder, what was the catalyst that caused Adobe to admit what everyone else already knew? Perhaps they saw the 5 year anniversary of the iPhone on horizon and figured enough…
They probably gave it a good shot, but couldn't get it anywhere near lean enough. Flash turns laptops into battery-powered space heaters; on a mobile device it's just a non-starter. Flash is just a dying tech. Were someone to seamlessly roll its functionality into an easy to use package, I'm sure you'd see it die out for games as well, which is the only remaining use-case there isn't a ready replacement for.
At worst, they flat out lied to their developers and customers. At best, they are merely incompetent. Either way, if I were heavily invested in any Adobe technology I would seriously question how I could continue to trust that company.