Steve Jobs to Adobe: Get with the times
In a nutshell, Apple chastises Adobe for clinging to the past. In many ways they are right -- remember when Flash was a simple animation tool that created animations that were lighter than GIF animations?
Yes, at one point Flash was a simple, streamlined tool designed to bring balance to the Force. Instead, it has grown into a full platform when you factor in AIR, and I doubt Adobe has any intention to back down after spending a decade and billions on its continued development and success.
No matter how crufty the tool becomes, I'm sure Adobe will find a market for it for many years, like VRML or the Beatnik player. Either way it'll be interesting to watch these two elephants dance.