According to GamesIndustry.biz, British game publisher Eidos has apparently just done a deal with Nokia to provide "embedded Tomb Raider games on N-series handsets". The phrase implies games built into handsets, rather than sold on Nokia's Next Gen games platform, and it's also unclear which models will contain the games. Rather encouragingly, Eidos went on to say "There's a real market there, it's no flash in the pan - particularly when you see some of the newer handsets, and how good content looks on those." (Story spotted by mathias_szil on the N-Gage Arena boards)
This is interesting, although I wonder if embedded refers to the Next Gen / N-Gage system itself (in a sense all the games are embedded since they can be downloaded via the handset in the new system(. I'd be surprised to see a third party game embedded, but you never know.
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I agree, it is ambiguous. The quotation is from the report rather than directly from Eidos, so perhaps Eidos actually told GamesIndustry something like "Tomb Raider will be available on the Nseries' built-in games platform", which isn't the same as embedded but sounds a bit like it.