Ah! The Small Screen Rendering engine from Opera strikes out into the big world. I'm not surprised that Adobe saw the value there - it's been one of my favorite features ever since Opera introduced it.
The web-enabled handheld is just kicking in -- but from what I see the early adopters are now in the general consumer market, rather than being mostly techie types. I've seen more this summer than I thought I would, on trains, airports, buses.
It's definitely a beginning, and not yet a flood. But I now think it's really worth a bit of attention whenever I design a new site template to pop Opera down to the small screen view and make sure it isn't a disaster.
We got a nice contract about 6 months ago because the very techie CEO was impressed that one of our sites looked so good on his new web phone's small screen.
I was expecting a 320 px wide screen to become the de facto standard when I first saw Nokia's release. But so far, that doesn't seem to be happening.