I´ve just compiled and run my first iphone app. I used the iOS compiler available in flash cs5 and it worked like a charm. Future will tell if this is a good way to create apps, but if you are comfortable with AS3 it is nice not to have to learn objective c and cocoa touch and all the rest. It probably will not create the most efficient apps ever created but as a rapid prototype for interaction stuff it should do just fine. More to come on the subject, I am thrilled !! :)