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Adobe unveiled a new version of mobile version of Flash which is leaner, faster, smart phone-aimed version of Flash 10.  The new version is optimized for ARM processors like the one used in the iPhone.

But Steve Jobs and Co are feeling hesitant to put it in the IPhone meanwhile Google’s G1 and future Android smartphones will likely soon be getting the update, either over the air or in Google’s store. 

Adobe’s Anup Muraka adds, It’s our belief that you’ll see an Android-based version of Flash in the coming months.  We’ve talked previously about Microsoft licensing Flash for use in Windows Mobile. We’ve been working closely with Nokia on getting it to work on the Symbian platform.

Apple has dumped Flash saying that it will not support it in the foreseeable future.  Apple CEO Steve Jobs has stated that Flash "performs too slow to be useful" on the iPhone.  Apple’s software developers’ agreement bans Flash by introducing a provision prohibiting third-party software from "launch[ing] other executable code".  Making Flash Lawfully un-deployable the IPhone.

What do you think, will this be a mistake on Jobs side or not…