I posted an earlier comment which is awaiting moderation.. but I don't think I provided evidence of what I ment so here's a followup.
I said that there is no need to create mobile versions of your sites.. The reason for this is simple.. If you look at any of the mobile browsers available.. Their number 1 goal is to provide the FULL internet on your mobile.. Take a look here as they have a video of what browsing is like.. www.skyfire.com
Most of these use the Webkit engine exactly like desktop browsers like firefox and opera do.
Skyfire - Provides a web experience exactly like a desktop with flash, tabs etc..
Opera Mini - Again, Exactly like a desktop but minus the flash, fast loading..
HTC's own browser - The best one i've seen yet, it provides identical browsing to a desktop.. full flash and all, tabs etc..
Dophin Browser - Nice browser with tabs and gestures.
60% mobile market share is owned between HTC and Apple and all their handsets display the full internet, they ignore mobile versions of sites and instead break full versions of sites into 3 or so colums the width of the screen to make it easier to scroll though if the user chooses that setting otherwise you see what you see on a desktop by default and you can tap to zoom in on an area or pinch to zoom on the higher end devices.