> we will be adding support for another format, HTTP Live Streaming (HLS). HLS 
> is an MPEG2 transport stream (container) used by devices such as the Apple 
> iPad 2. By adding support for HLS within the Flash Media Server, Adobe is 
> reducing the publishing complexity for broadcasters who need to reach 
> browsers supporting HLS through HTML5 (such as Safari) or devices where Adobe 
> Flash is not installed. 

http://adobe.ly/dHZlnX

Source: 
http://blogs.adobe.com/ktowes/2011/04/sneak-peak-future-adobe-technology-for-http-streaming-across-multiple-devices.html
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