>From the Adobe website
http://www.adobe.com/aboutadobe/invrelations/adobeandmacromedia_faq.htm
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How does Adobe's acquisition of Macromedia affect Adobe's support of 
SVG (Scalable Vector Graphics)? 

Both Adobe and Macromedia have been part of the W3C working group that 
defined the SVG-t specification. While Flash and Flash Lite have 
gained critical momentum with customers and partners worldwide, 
particularly in the fast-growing mobile market, we recognize that both 
SVG and Flash have had success globally. As a result, Adobe will 
continue to support the display of popular graphics standards, 
including SVG-t and Flash, to meet the needs of customers and partners 
worldwide.





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