One of the key news stories emerging from the Adobe Max Conference 2009 is the new capability to develop iPhone applications via the new upcoming Flash CS5.

To date iPhone App development has been restricted to Apple’s own development tools, alienating arguably the largest developer group; the Flash community.

In a nut shell this will see both development times and the cost of iPhone Apps falling as the development community expands and the authoring process of Apps becomes less restrictive.

Flash’s animation capabilities and also the recent introduction of technologies such as Augmented Reality are sure to be featured in up and coming iPhone Apps.

A limited number of Flash authored Apps, created from a private beta of CS5,  have been created and are live on the App store.

Check out Adobe’s introduction of the new CS5 capabilities on their YouTube Channel.

For any Flash developers out there who want to access to CS5  Sign-up is now available although it is unlikely that CS5 will be out for beta release until 2010.

Find out more about the new Adobe Flash Professional CS5 or Adobe Labs: Applications for iPhone on the Adobe site.