> Neither Flash scripting nor embedded video and sound are migrated, and some 
> of the more advanced visual effects like blends and 3D transformations are 
> similarly unsupported. The output is also currently restricted to 
> WebKit-based browsers—principally Safari, Safari Mobile, and Chrome—due to 
> its use of WebKit-specific animation functionality. The tool is not yet 
> suitable for migration of rich interactive content like games, and the lack 
> of support for Flash scripting means that even simpler interactions will have 
> to be rewritten using JavaScript. 

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Source: 
http://arstechnica.com/software/news/2011/03/adobe-targets-ios-with-wallaby-flash-to-html5-converter.ars
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