So where does Adobe go?
Adobe is going to enter the world of real time 3d engines for the web and mobile. They will announce something to do with 3d this month. My initial gut feeling is that it will suck, and suck badly, and still be at least a year away.
http://www.bytearray.org/?p=1836
If I set my expectations low, then I can be pleasantly surprised if it is awesome. Unity3d casts quite a shadow for good reason, though. WebGL sucks balls and no browser supports it, while the Unity folk are a truly cross platform company adopting all the technologies necessary (beast, umbra) to be a player in the market.
The Video codec play that Flash had going is effectively dead thanks to the big push off the cliff from Apple and the adoption rates of H.264 and other open-ish technologies.
Flash plays h264 video just fine. Chances are if you've looked at youtube or hulu, you've seen it in action.
Try using PS or AI on a windows platform, it's not pleasant.
And yet it's still better than the mac versions.