John Gruber links to Adobe CEO Shantanu Narayen’s comments on Flash in the world of HTML5.
However much I wish it to be, HTML5 will not be a Flash killer. Though some of the new tags will obviate the need for Flash as a media streaming container, there will always be a need for animated content on the web. As long as people stick to using flash for ads or animated header images, I am fine with that. Just please, PLEASE do not rely on Flash for anything important like navigation (something HTML5 should kill off) or textual content.