As Mike Chambers stated:
"We will still be shipping the ability to target the iPhone and iPad in
Flash CS5. However, we are not currently planning any additional investments
in that feature."
http://www.mikechambers.com/blog/2010/04/20/on-adobe-flash-cs5-and-iphone-applications/

All the stunning work we see today in Flash was done by designers, not by
technology.
The same beauty is possible in any platform, just because we are extremely
creative.

HTML5 is less powerfull than Flash. But it is in the right way.
We will see Tweeners and TweenLites done for canvas in no time. Flash guys
can amuse with any technology.
Just give us some time :)
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