I think Apple's behavior towards Adobe (and by extension the end-users) has been pretty piss poor. Jobs' pretend "rationalizations" are also rather poor.
However, I agree with this blog post. Flash is going the way of the past, HTML5 is the wave of the future. Adobe doesn't make money on flash players but does on content creation applications. It makes sense (and if Adobe's demonstration of targeting HTML5 for output is a demonstration it does to them also) to build HTML5 content creation tools. Adobe is the best at making content creation tools, they should do this.
However, I agree with this blog post. Flash is going the way of the past, HTML5 is the wave of the future. Adobe doesn't make money on flash players but does on content creation applications. It makes sense (and if Adobe's demonstration of targeting HTML5 for output is a demonstration it does to them also) to build HTML5 content creation tools. Adobe is the best at making content creation tools, they should do this.