Just ran across this site:

http://www.digitalaria.co.kr/english/e_mf_overview.htm

company claims to have created a Flash player for mobile devices similar to Flash Lite and has a conversion utility that "slims" down SWF for use on mobile device.

I wonder how many companies are offering similar "unofficial" Flash players and how this might affect mobile Flash adoption. While I doubt that this particular company is really a competitor for MM, it does show that the longer it takes for MM to release players the more of these companies will come along offering an alternative solution.

I wonder if this will lead to compatibility problems for developers in the future.