Adobe (NSDQ: ADBE) announced Adobe Flash Lite 3.1 Distributable Player at Mobile World Congress, initially available for Nokia (NYSE: NOK)'s S60 platform and Windows Mobile. Although not in their official press release, it is reported that they will also support the Palm Pre. Notably absent is any mention of the iPhone.
Adobe's Flash technology is used for advertising, games and movies. Bringing that to mobile devices will bring the web experience on your phone one step closer to that of your desktop. Flash has been the format behind YouTube videos and a number of third party programs have been written to allow some phones to play those videos, but all other Flash content was unsupported.