Bad news for anyone waiting to get their hands on the Flash CS5 public beta. Adobe have just announced that in order to deliver the final version of Flash CS5 as soon as possible they’ve cancelled the beta release that was to be made available at the end of the month.

Adobe’s announcement at Max in October that the latest release of Flash would allow developers to target the iPhone has helped generate a significant amount of buzz, making CS5 one of the most anticipated releases of Flash in some time.

More info can be found in this FAQ section on Adobe Labs.