I’m not sure what mobile devices or if it will work similar to flash-lite (only better, perhaps ), but it definitely sounds like it has potential.  I would love to be able to write my apps for mobile devices, perhaps without a whole lot of code refactoring from my original Flex/AIR applications, and then deploy them to anyone browsing my site from a phone.  Very cool!

It still sounds like it’s in the planning stage (probably gauging user/developer interest from the survey), but hopefully Adobe has already begun working on this because I know this is something I, and probably many others, cannot wait to dig into.