The latest buzz is that Flash goes HTML5 i.e. the work done in Flash can be imported to HTML5 using the new Creative Suite called Flash CS6 that will work on iPad and iPhone as well as Android and it will also support Windows 8.
A year or so ago, pundits were predicting the death of Flash. That seems unlikely to be the case now. The devil, of course, is in the details. Expect a lot of experimentation over the next few months.