InfoQ: Adobe Donating Flex to Open Source Foundation.
My immediate problem is that HTML5 animation is, currently, capable of only a mere sliver of what Flash can do. No matter how you view Flash ‘politically’ - many Picassos of visual goodness are having brushes and paints ripped away, and being handed charcoal pencils.
My guess is that creatives are going to take refuge in video, to maintain their current level of animation complexity. Interactivity will take a hit for a couple of years.
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