I just attended the keynote at Max 09 and they anounced that flash player 10.1 for Google Android Powered Devices will be available the first have of 2010! It's Full Flash for mobile so none of that lite junk and Im assuming that us Flex Developers will be able to take full advantage. This will also be available for windows bricks and palm.
Attached is a picture I snaped of the Android Device they used to demonstrate flash on. It hasnt been release so that's why it's all taped up!
Sorry for the crappy picture. :)