According to Adobe, there's already over 100 iPhone apps in the iTunes store made with the private beta of Flash CS5. So Apple currently isn't being selective enough. It seems without Adobe advertising which apps are made with Flash CS5, that users aren't noticing the difference between them and apps made with Objective-C.

Here's a developer who just got his iPhone app made with Flash CS5 approved just this afternoon: http://twitter.com/james_eberhardt/status/11850738164

It's not going to be a problem until the new agreement comes into effect (which I've read that you have to agree to by the 22nd).

The very selective process that allowed the Fart app, but rejected the Google Voice app? That one? :)