Whatever you may think about the iPhone-hype, you’ll have to admit that the fact that it doesn’t do Flash makes for great ammunition in the discussion against developing your site’s core functionality in Flash.
Next time your CEO or marketing manager wants a Flex-only website, you won’t have to talk about some obscure geek who doesn’t want to install the Flash plugin, about that poor blind woman who is not able to “read” those Flash animations or about how Google indexing SWF-files might be more of a problem then a solution. No, instead, you’ll only have to point out it won’t work on his iPhone (*). Period.
(*) It won’t work on other mobile devices either; Flash Lite, which ships on e.g. Symbian and Windows Mobile powered devices, is not able to display those millions of fancy animations out there on the WWW either.