This is the news we've all been waiting for and it's finally a reality:

Nokia Signs Licensing Agreement With Macromedia; Series 60 Becomes a Reference Mobile Platform for Macromedia Flash Technology

"Nokia and Macromedia today announced a licensing agreement that will integrate Macromedia Flash technology into Series 60 Platform. Series 60 becomes a reference platform for Macromedia's mobile Flash technology, and Macromedia will implement new versions of its mobile Flash technology on Series 60. Nokia has also agreed to support Flash in its other software platforms.

The agreement will provide opportunities for the 1.8 million registered developers in Forum Nokia and the more than one million Macromedia Flash developers to create new compelling Flash content and applications for mobile phones to be deployed through operators worldwide. This will enable operators to quickly and cost-efficiently build rich, innovative services for their subscribers using Series 60-based devices."

You can read more about it via the various annoucements and coverage so far:
Macromedia
Nokia
Business Wire
infoSync World

As the day advances and I anticipate this news to start proliferating through various newswires, blogs, forums and such. Throughout the day I'll add more links to this posting covering this news.

If you haven't heard about Flash Lite you will be hearing a lot more about it now. It will be interesting to see the reaction of the Nokia developer community in addition to the Flash developer community once this news reaches them in their different geographic regions.

2005 is definitely going to be an awesome year for Flash on mobile devices.