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Originally Posted by georgeyw
That's a bit like saying Freeones is shitting bricks about porn beer 
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It's nowhere close to that. Your analogy is way off.
HTML5 video has already proven through demos to be a viable and in some cases superior alternative to Flash. And the best thing of all it will be built into every browser. No need to download plugins or upgrade to the newest version of Flash. No need for companies to hassle with Adobe over licensing and implementation.
And that's just on the video side of things. Have you seen Google's HTML5 version of Google Voice?
You best to believe that Adobe is most certainly shitting bricks.