Did Apple Just Open the Door to Adobe Flash on iPhone and iPad? [Updated] | Fast Company
Pretty much says it all. The Policy Apple has pointed to for keeping Flash out has been altered by Apple recently. That doesn't mean SJ wants to see Flash on the iDevices, but this could open the door. Essentially they are allowing programs to contain interpreters necessary for executing their own code.
This is probably a response to a number of Apps on the Android that can't be ported to the iDevices with the old policies. But if they allow those developers in, they can't stop Flash without just saying "Flash competes with our market and we don't like Adobe anyway."
As the article says, this doesn't mean Flash Apps would work well on the iPad for all of the reasons that have been stated. Still, it could mean we at least get the alternative.