Flash Lite is a version of the Flash Player specifically optimized for mobile phones and consumer electronic devices. It enables mobile application developers and designers to create rich, engaging content and applications. Flash Lite has been licensed by the world's leading operators and handset manufacturers to bring exceptional mobile experiences to subscribers worldwide.
Today, over 400 different models of Flash Lite-enabled devices are available, and you can create content directly for more than 150 models. According to Strategy Analytics, 1 billion Flash enabled devices will have shipped by end of Q1 2009, one year ahead of Adobe's 2007 schedule. According to Strategy Analytics, the number of Flash Lite shipped devices will reach 1 billion in 2009 and more than 2.5 billion by the end of 2010. That means there's a significant opportunity to make waves in the world of mobile content and put your work in the hands of millions of users around the world—and generate incremental revenue by distributing that content through Adobe's global partner network or through client-contracted work.
Links for more info:
Flash Lite Homepage: http://www.adobe.com/devnet/devices/flashlite.html
Flash Lite distributable player solution: http://www.adobe.com/go/distribute