Adobe Universal Support FAQ
Adobe posted a PDF covering the topic of Adobe support for Intel-based Macs.
According to the FAQ, Adobe will be comitted to transitioning its line of Macintosh products to the new Intel-based Macs. The upgrades, however, will have to wait until the next versions of its creative applications.
Adobe does not plan on rereleasing current products as Universal Applications. Instead, the next version of these products will be the ones first available as Universal Binaries. While Adobe won't comment on the exact time frame, they report that they typically release significant upgrades to their creative professional applications ever 18-24 months.