Frash is a port of the Adobe Flash runtime for Android to the iPhone, using a compatibility layer, by comex ( http://twitter.com/comex ). Frash can currently run most Flash programs natively in the MobileSafari browser. Frash currently only runs on the iPad, but support for other devices (3GS+ only due to technical restrictions) is planned, as well as support for iOS 4.
Here is video showing the Frash in action :
Thanks to author for choosing the Flash games, I really do miss them on iPad. There is no official public release as of yet but as per the following comment :
A release is planned for when Frash is stable. Developers are welcome to join the effort at http://github.com/comex/frash – fork it and send a pull request with your patches
We can expect to be available for us sometime later, I wonder whether the Jailbreak will be required for this to get running. Anyways, its good stuff and effort, Flash Games and iPad is a great combination .