At the Mobile World Congress 2011, Adobe have confirmed and announced their latest version of Flash, Flash 10.2 which is now available for PCs, will be coming to mobile devices. Android 3.0 Honeycomb and the BlackBerry Playbook will be the first to get a taste of the 10.2 version of the software for now.
"Flash 10.2 will feature Stage Video, which is an optimized video performance which will decrease processor and memory usage, increase frame rates and overall video quality, and save up to 80% in CPU usage. If this is standard in 10.2, that is very impressive in terms of overall performance." - UV
Source: Unwired View
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