You read that right. Just as quickly as Google debuted the Nexus One, we see Adobe release a nicely produced (read: Made well in advance) demo showing the Flash 10.1 beta running on the phone. How, having a Snapdragon will solve a whole bunch of your processing problems. And it looks like things are moving along OK here. But still unknown: Battery life, and just how stable this will be in the long run. Still a lot of ifs, but nice to see things are moving along. Watch the video after the break. (Thanks to everyone who sent this in!)