A scoop of sorts over at Phone Scoop (and verified elsewhere this evening) confirms that Windows Mobile 7 will not support flash at launch—which is officially tomorrow during the MWC—but will eventually support it, sometime.
Both Phone Scoop and Engadget are confirming the news this evening, which means tomorrow's big Windows Mobile 7 reveal will be revealing, yes, but will not include mention of Adobe or flash. Please note that this is reportedly for initial builds of the OS, and will most likely change with later versions. Most likely. [Phone Scoop via Engadget]