[davidalln]

Perhaps, but I think this is too cynical. You forget about the cost of Flash (assuming you're being legit), the cost of being able to put up stuff on the App Store, how potentially difficult it is to adapt the application to the iPhone, and how annoyingly stringy Apple is about bugs. This will surly shoo away a large amount of amateur Flash-ists.

Plus, you're forgetting that the market is already diluted. The only apps that make it are those which get advertised heavily or a big blog discovers and writes about it. Therefore, these "million of apps" will hardly make a difference in how difficult it is to make significant money developing iPhone apps.

The App Store is not going to become Newgrounds, I promise.