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The newer releases of flash incorporate some pretty slick preprocessing and acceleration... I don't think we are seeing the end of flash video, I think we are at the tip of the iceberg...
Remember just a few years back when people thought flash was just a pretty little animation engine? Developers are just now beginning to exploit flash for what it's worth.
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“ I have the simplest tastes. I am always satisfied with the best.” -Oscar Wilde
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