What I am reading:
Earlier today, Apple held its iPhone 4.0 event, where it showcased some of the new features the latest release of the mobile OS will offer. Just after that ended, Apple released a new beta SDK to developers, complete with a new developer license agreement. And nestled in that agreement is a passage that may have major implications for developers, and disastrous consequences for Adobe’s latest release of Flash: Apple has banned “applications that link to Documented APIs through an intermediary translation or compatibility layer”.
So what does that mean? Apple may have just made the flagship feature of Adobe Flash CS5, which allows developers to port Flash applications to the iPhone, totally useless. John Gruber of Daring Fireball was the first to point out the change in the License Agreement. 
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