Android gets Adobe AIR 2.5 in late 2010
With the release of AIR 2.5 in Q4, Android users will be able to enjoy their new Flash 10.1 experience on their devices, rather than through confining browsers. The other key benefit, besides accessibility, is the cross-platform integration that AIR provides. Because it is based on the common root language of Flash, existing apps and games will be much more easily adaptable, so we can expect a plethora of new applications to be made available to Android soon thereafter.
source: Adobe via AndroidGuys