One of the big shortcomings of the iPhone has been the inability to play online video and animation that uses Flash technology. According to a report on Bloomberg, Flash may be on its way. The report is ambiguous, but Adobe's CEO clearly indicates that Apple and Adobe are collaborating to develop a version for the iPhone. So what's been the holdup? Steve Jobs said last year that Flash runs too slowly in the iPhone and that a slimmed-down version isn't capable enough.