Originally Posted by
arunforce
Flash itself isn't that valuable. It's the animation/drawing system that is very crucial. It'd be a huge blow to the industry, because of its versatility and introduction to other programming languages / phone apps.
That being said, Adobe plans to support Flash anyways, whether you export it to HTML, a compilable app, or whatever. My guess is it'll just be re delegated to support role. It has no business being used unless it's being used for a game after HTML 5, which is perfectly fine IMO.