Newly Discovered Flaw in Flash Player May Run Code

A flaw found in Adobe's Flash player, an input validation error, may allow someone to run code loaded using the Flash player built into the Wii's Opera browser. While this may lead to some kind of exploit much like the PSP's image viewer, it seems the general concensus is that Opera's Flash player may be too limited to actually build something useful.

"Critical vulnerabilities have been identified in Adobe Flash Player that could allow an attacker who successfully exploits these potential vulnerabilities to take control of the affected system. A malicious SWF must be loaded in Flash Player by the user for an attacker to exploit these potential vulnerabilities. Users are recommended to update to the most current version of Flash Player available for their platform."

Source: http://www.adobe.com/support/security/bulletins/apsb07-12.html