Apple doesn't want Flash on its devices, and I believe them when they say that it kills performances on mobile devices. And as much as Adobe likes to complain, they didn't ship an official mobile version of Flash until a few weeks ago, when Android devices got their first version of Adobe's platform. Still, some developers are working on a port of the Android version for the iPad.
Comex, well known developer of the Spirit jailbreak tool, took the Android Flash runtime and recompiled it for the iPad. He's managed to install it, run it and visit webpages that included Flash. He even pushed the whole source code to GitHub, in case developers want to play with it.
Frash, this is the name of the hack, should be available soon (via Cydia, I assume) and I already can see the thousands of downloads it will get. My main concern, though, is still the same: will it be worth installing? We know that "mobile Flash" drains battery a lot, is unstable and has a poor support for touch events.
The video demo we're embedding below doesn't look that bad, but still it's too early to judge. We'll see.