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Flash for mobile is finally here, because today Adobe is releasing the public beta of Flash Player 10.1 for Android.

The release of the Flash 10.1 for Android Beta coincides with Google’s release of Android 2.2 (“FroYo”) here at the Google I/O conference in San Francisco. The release also comes as tensions escalate between Adobe and Apple.

Flash 10.1 for Android was redesigned from the ground up so that it would support mobile device inputs, as well as optimize performance and battery life. Adobe told us that the new version supports multi-touch, gestures, accelerometer inputs, and smart zooming — all things that differentiate smartphones from desktops. We saw some of these features before when Adobe demoed Flash 10.1 for Android for Mashable.

Adobe Flash 10.1 is also serious about performance. It includes hardware acceleration with H.264 video decoding, advanced memory management (which can decrease RAM usage by 50%), and a sleep mode that slows down the Flash player if an Android-powered device enters screensaver mode. Adobe tells us that it has worked with all the major chip and mobile platform players (including Intel, ARM, NVidia, Qualcomm and AMD) to get the best performance possible.

There is a drawback to all of these hardware and software performance enhancements, though; Flash for Android is only compatible with Android OS 2.2, meaning those with older model Android phones won’t be running Flash anytime soon.

The performance factor cannot be understated, because the release of Flash 10.1 for Android has gained major significance over the last few months due to Apple’s ban of Flash on the iPhone and iPad. It has sparked a debate over whether developers should abandon Flash in favor of HTML5.

We’ve had a chance to try out Flash for Android through a review model Nexus One. We’re going to follow up with our review of Adobe’s mobile offering later today.

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Tags: adobe, adobe flash, Adobe Flash 10.1, android, Froyo, Google Android