This is a video demo that I created to show how easy it is to convert older Flash eLearning content so that is optimized for mobile devices. There is an actual demo towards the end that shows how smooth it runs on the Google Nexus One (running Android 2.2 FroYo and Flash Player 10.1 for Mobiles).

RESOURCES:

Authoring mobile Flash content for multiple screen sizes

Optimizing Performance for the Flash Platform