DamienJ,
I guess, let me put this another way...
We can both agree that Flash is infinitely more advanced & better than Compuserve's old ass GIF in terms of banner design. Yet even as vastly superior as Flash is in every way and then some in that regard, the GIF format lives on to this day. So if HTML 5 is being viewed as a "Flash Killer" based solely on end user video delivery, do you honestly believe Adobe is just going to say, "Well, that's it then. Let's terminate Flash."? Or that developers & designers are going to stop using it?
When you speak of something as a Flash Killer, it's going to have to pack more of a punch than just saving a buck on video delivery. It's going to have to be a holographic tactile slut crawling out of the screen and sucking some dick.
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