not alot of uses for flash on the iphone though...
youtube is accessed through the menu screen, and through a nice interface.
flash games would be useless (no arrow keys, space bar etc.) unless it was specialized and used touch input.
flash based websites would be the only ones to benefit from this, like say, o i don't know, homestarrunner.com? would be great to view the toons and sbemails on the iphones.
another problem would be flash ads!!! ahh, i don't want to shoot the gnome, or outdrink santa!!! this would just spam the 'page.
and another thing, how would we access the smaller flash based sections on the webpage like a embedded video on a page? this <i> could </i> be done using the touch-to-enlarge-section (or w.e. its called) feature.
but yes, having the flash ability is nice and convenient in either case.
and yes copyand paste would be better...
(also: how would flash run on the browser? isn't the iphone sdk going to restrict the use of plugins and frameworks? or is it only for third party apps?)