Yes, you can now get very alpha version of Flash (aka Frash) running right on your iPhone 4. Previously, we showed you how to install Flash (Frash) on iPad. And now folks at Grant Pannell site has managed to compile an iPhone 4 version of Flash.
The credit for this of course goes to Comex, the guy behind Spirit and JailbreakMe tools for iOS devices. Without his hard work, this surely wouldn’t have been possible.