It seems like forever ago when we were all fawning over the possibilities of Skyfire, and its promise to bring Flash video to the iPhone.

Its initial release was met with incredible success that even surpassed the expectations of the developers behind the project.

Now that Skyfire has found its way into the hands of tons of adopters hungering for Flash video, the Skyfire team has released its most feature filled update since the app’s inception.

What can you expect from the new and improved Skyfire? Check inside for the details on video…

“Skyfire 3.0 for iPhone makes for the most compelling mobile browsing experience to date,” said Jeff Glueck, Skyfire’s CEO. “This latest iteration leverages the cloud to not only streamline playback of rich multimedia – including Flash video – but also to seamlessly integrate your social graph into the browser.”

Of course the Skyfire CEO would have nothing but positive things to say about the latest update to his popular web browser, but what does it all really mean? The following video helps us to glean details on what we can expect from version 3.0.

So essentially, there’s going to be a whole lot of social network integration, and an increased variety of videos to choose from. Not a bad update at all, especially when your app is geared towards finding good Flash videos to consume.

Skyfire can be purchased on the App Store for $2.99. For those of you who have already adopted the browser as your own, the update is free of charge.

Have you purchased Skyfire, and if so do you still find yourself using it regularly? Let us know.