If true, that's good news. It should put to rest all those people who whine about how much work it would be for Flash developers to change to html 5. It would also silence those who keep saying that Flash does things that html 5 can't do (although none of them have ever come up with an example).
Right, getting bored with hearing this type of comment. Some of it is most certainly my lack of knowledge of HTML 5 and for that I confess my sins (I am a Flash dev in case you hadn't guessed

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When I think about the kind of applications I build (for Toyota and Lexus), and those countless ones that other Flash dev's create I just cannot see how HTML 5 alone can create similar content. I need to be able to build an application that does several things:
Without wanting to go into the real detail of an example - say a car configurator application - let me scratch the surface of some of the things I routinely have to deal with
1) Large datasets that are requested from remote Webservices (at runtime and based on user interaction) - OK, I'm sure AJAX and JQuery could handle this kind of stuff, but boy is there a lot of data parsing required as the data is used pan-European (in my case) and across multiple applications (not just Flash) so the data is not laid out nicely for exactly my purposes
2) Localisability - all text content is localised for all European countries (and for Lexus, this includes Israel, ie Hebrew text) and much of that needs to be retrieved via XML or (1) above and then displayed to the user using fonts that the end user will not have installed on their system - not sure if JavaScript can handle the distribution (in such a way so that any DRM protection in the font is respected) and display of fonts
3) Display - fully interactive and dynamically updated based on data retrieved in (1) - eg dynamic colouring of assets at runtime, layering of assets on top of one another to build up a complete display (and synchronising the display of said assets) where an asset could be something like a fog light, or steering wheel or god forbid a bike rack mounted on a roof rack (which is included cos the data for the bike rack says to do so) - my head even hurts thinking about how this could be achieved on the client machine rather rather than going to and from between the server and client to do this
That is a brief example of what Flash can do. And yes, I'm sure other technologies can do similar stuff (Silverlight, .NET/AJAX/JQuery) but I'm fairly confident that Toyota ain't gonna turn round to me and say hey, HTML5 is supported on some browsers now, lets rewrite everything to use HTML5! Yes we are looking at HTML for them, but nowhere near actually developing applications that are to be deployed on the web.
Hate Flash or love it, it's going to be around for a long time yet. YouTube video, whilst it may be a major user of Flash is not the only example of Flash usage out there. Is there bad Flash out there? Yes, and I'm sure many of you would say I am partially responsible for some of it based on the above. Is there good Flash out there, of course there is.
Time to go - and by that I mean go and get stuck into Objective-C dev for an iPhone app I WAS hoping to use Adobe Packager to churn out for me. I'm happy to learn a new language, and was never convinced that Package would be the Godsend that Adobe claimed it to be, so wasn't just going to press the 'compile to iPhone app' and upload to iTunes without a LOT of digging. Similarly, I'm not about to click the 'compile to HTML5' button in Flash either! In fact, I rarely use the Flash IDE anyway.