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Lately, we witnessed numerous discussions on flash, HTML 5 and mobile devices. It kind of started with Apple take on Flash for the iPhone & iPad.
Not to add to the debate, I suggest you have a look at this blog post from Ray Valdes from Gartner.
On the same topic of mobile devices, many announcements were made at the last Mobile World Congress on Flash support for mobile devices.
Serge Jespers just came up with a blog post that refers to other interesting posts & videos on that topic (for instance Michael Chaize's videos on Flash & the Google Nexus One performance and battery life).
I also came across a blog post from James Ward that shows one of the IBM ILOG Elixir demos running on his Nexus One (James, glad you like what we do!)
talk to you soon,