Adobe expects 1 billion Flash Lite enabled handsets by 2010. Bill Perry from Adobe says:

There’s a steady trend of increasing handsets shipping with Flash technologies pre-installed. This past Wednesday during the mobile & solutions portion of the Adobe financial analyst meeting we shared that by 2010 we expect over 1 billion Flash enabled devices to be in market.

There’s also a lot of other good information and details about Adobe’s mobile and solutions available for you to watch or download.