From what's I've dug through and asked developers and Adobe engineering who've been involved, the CS5 iPhone export sounds useful for a range of quick-turnaround projects that don't require the richer APIs available via XCode.
I'd like to start a public dialog with Ansca to hear what their plans are for Corona, and how they plan to differentiate their product from Flash CS5. At present, the two products are unreleased (aside from a small number of shipping apps on the App Store), and it would be good to hear and discuss what I'd like to see in Corona that I'd never see from Adobe, given that they have a priority to maintain feature parity with the rest of the Flash platform, whereas I would hope that Ansca is willing to listen to their potential customers about features that aren't going to be available with CS5.
I'm talking about things like:
- Store Kit integration
- analytics (like Pinchmedia)
- cameraOverlayView in UIImagePickerController
and hopefully down the line, things like Game Kit and Map Kit.
As an encouragement, I found this blog post to be somewhat relevant:
What to do when an $8 million gorilla launches 3 weeks before you