First, we are making bold moves like stopping the development of the browser plug-in on mobile browsers in favor of investing further in Flash-based apps packaged with AIR. Playing existing content sounds like a great idea on paper, but we know it doesn't always work that way -- you need to author for mobile and think for mobile, but from talking to customers and looking at content today, we realize that very few people are targeting the plug-in on mobile browsers.
We are not stepping out of the mobile space with Flash, we are just focusing on what makes sense and where Flash looks great, standalone apps with AIR.
Why not just call a spade a spade? Flash is dead on the mobile, period!
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