From the FAQ:
Can I run content created with Flash in the iPhone simulator on Mac?
No. Flash content created for the iPhone will not run within the iPhone simulator on Mac.
That’s because the Simulator runs x86 binaries, but Adobe’s compiler only produces ARM code.
Can I use native iPhone OS Controls in my Flash based iPhone content?
Not surprising. I’m guessing this will mostly be used to make games anyway.
★ Monday, 5 October 2009