One of the few reasons why anybody should care about Adobe's Flash platform just evaporated into thin air. Running through the Flash environment, you can watch online videos in a variety of formats on almost any hardware platform, with the notable exception of Apple
The VP8 video format that Google acquired along with developer On2 Technologies in February has been released in the wild as the WebM format. It's a royalty-free and high-quality solution that will let any software developer record, edit, and show good-looking videos without paying exorbitant license fees. The middle ground between h.264 supporters (Apple, Microsoft
And so Adobe lost a selling point for Flash.
Sure, Flash will support WebM video, too. The format will undoubtedly gain popularity after Google implements it for the all-world YouTube video service. It would be insane for Adobe to leave an important new technology unsupported, especially because I don't see any downsides to getting it done. But that will only let the company keep up with the Joneses rather than gain any unique advantage.
Now Adobe is running out of weapons to defend Flash, such as Advanced Micro Devices
So Flash seems destined for smaller jobs, like playing Bejeweled and Farmville games or displaying annoyingly rich ad banners. When all is said and done, content developers will have little reason to spend extra resources to include the Flash player in their pages, because HTML5 will do what Flash does just as well or maybe even better.