It somewhat goes without saying that this will only work on a device that you have decided to jailbreak. However, if you’re dead set on getting Flash onto your iPhone 4 (or other device running iOS 4.0.1) now you can.
According to Redmond Pie the hack gets credited to Comex, whose name you might know from the Spirit and JailbreakMe tools.
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There are full details listed on the Redmond Pie site, and if you happen to turn your phone into a really pretty paperweight, don’t say we didn’t warn you…