The discussion will continue for the time being. I am still researching the whole thing before I weigh in with my own theories. But, here are a few good links on the subject:

• http://blogs.adobe.com/conversations/2010/02/open_access_to_content_and_app.html
• http://www.gskinner.com/blog/archives/2010/02/my_thoughts_on.html
• http://blog.fitc.ca/post.cfm/html5-flash-and-the-future
• http://gizmodo.com/5461711/giz-explains-why-html5-isnt-going-to-save-the-internet
• http://blog.digitalbackcountry.com/2009/05/html5-versus-flash-versions/
• http://www.infoworld.com/d/developer-world/html-5-could-it-kill-flash-and-silverlight-291