We've got some good news and some bad news about those waiting to receive Adobe Flash 10.1. The good news is that it's expected to be released on Android phones coming "mid year".  Now the bad news is that the HTC Hero will not be supported.

“The HTC Hero will not be supported [because] it does not have the correct Android OS version and its chipset is not powerful enough. We require a device an ARM v7 (Cortex) processor. Examples include the Qualcomm Snapdragon chipsets and TI OMAP3 series.”

We've seen Flash being shown off already on the Droid and the Nexus One.  We already knew this was coming, given that Flash is a processor hog even on desktop systems, but thank you for stating the obvious. [androinica]