Finally, after what has seemed like an eternity, Adobe this morning announced Flash Player 10.1 for Windows Mobile (and other smartphones, too) will be available in early 2010. No more Flash Lite. No more need for a proxy browser (though we still think they have their place). Real, live Flash in your mobile browser.

That said, we'll need to see it to believe it. We all know how taxing Flash can be on a desktop system, it's reasonable to believe that only the newer hardware will be able to capably run it. From the Adobe news release:

The browser-based runtime leverages the power of the Graphics Processing Unit (GPU) for accelerated video and graphics while conserving battery life and minimizing resource utilization. New mobile-ready features that take advantage of native device capabilities include support for multi-touch, gestures, mobile input models, accelerometer and screen orientation bringing unprecedented creative control and expressiveness to the mobile browsing experience. Flash Player 10.1 will also take advantage of media delivery with HTTP streaming, including integration of content protection powered by Adobe® Flash® Access 2.0. This effort, code-named Zeri, will be an open format based on industry standards and will provide content publishers, distributors and partners the tools they need to utilize HTTP infrastructures for high-quality media delivery in Flash Player 10.1 and Adobe® AIR® 2.0 software.

Get the full rundown here, and check out of a video of Flash 10.1 on the Toshiba TG01 (which is running a 1GHz Snapdragon processor, btw).