Possible to play flash?

Everyone here seems to know alot about whats happening with PSP software development so...
I'm just curious if anybody knows if there's development underway for a flash media player, or if it's even possible. I imagine it could be, seeing as all these emulators are going up, why cant you make a player for flash movies?

there is an open source flash player, that was ported to the DC, it could be ported, but its limited. it is being rework on at the mo to support flash 7.