>> Is the current license preventing another players (like GNash)?
>> Answer: No...

I wouldn't be so sure... If you look at the flash player licence, it says
you can't reverse engineer it, create derivitive works based on it etc etc.
So really you will break the licence one way or another.

(btw, it says it is the flash license from the link and title, but it seems
to be for pdf. Hey, maybe that means there is no player licence ; ).

http://www.adobe.com/products/eulas/players/flash/

"2.5.1  You may not modify, adapt, translate or create derivative works
based upon the Software. You may not reverse engineer, decompile,
disassemble or otherwise attempt to discover the source code of the Software
except to the extent you may be expressly permitted to decompile under
applicable law, it is essential to do so in order to achieve operability of
the Software with another software program, and you have first requested
Adobe to provide the information necessary to achieve such operability and
Adobe has not made such information available. Adobe has the right to impose
reasonable conditions and to request a reasonable fee before providing such
information. Any such information supplied by Adobe and any information
obtained by you by such permitted decompilation may only be used by you for
the purpose described herein and may not be disclosed to any third party or
used to create any software which is substantially similar to the expression
of the Software. Requests for information should be directed to the Adobe
Customer Support Department."`  


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