When Adobe said they wouldn't be developing Flash Player for Android to work with any new versions, they also promised to keep the current version up-to-date with critical fixes and security patches. Once again, they show us that they really mean what they say, and there's another update for Flash in the Android Market. The fixes include events for handling a crash would could lead to code execution, which means potential is there for someone to hijack your system. Adobe is usually pretty good about patching these things before the get exploited, and there are no known instances in the wild of attackers using these methods to compromise Android devices.
To learn more about what was fixed, have a look at the Adobe Security Bulletin dated March 5. You'll find the Market link after the break.