Yes, Adobe is having a lot of problems with the recent flash update.
I had to downgrade because I lost all Flash audio.
Use this to uninstall your Flash
http://helpx.adobe.com/flash-player/...r-windows.html
Mac
http://helpx.adobe.com/flash-player/...er-mac-os.html
You can install 10.3 from this link or google for whichever version you'd like.
http://forums.adobe.com/thread/889580