The Adobe Air application Wallaby currently is a technology preview product and can be a great help to developers, as they can very easily convert their Flash content into HTML5 files and widen the reach of their content to devices that do not support Flash, such as Apple’s iPhone, iPod touch and the iPad.

The converted HTML5 file can then be edited using HTML editor like Adobe Dreamweaver, or manually by using a text editor. You can view the output in HTML5 supported browsers or on an iOS device. Details and download of Wallaby available at Adobe here.