Originally Posted by shigzeo
The reason it doesn't support flash and may never support flash is this: flash is proprietary software. Apple don't support proprietary software as it concerns internet. Yes, they have their own suite of apps which use proprietary formats such as .pages, .numbers, etc., but otherwise, everything is either industry-standard, or open. Flash is the sole ownership (or very close) of Adobe.
FLV and H.264 are both open standards (the former is just a container specification to enable playback through a flash app). I'd wager the majority of people that want flash want it for watching video sites. The reason Apple, or many other portable device makers (smartphones in particular), doesn't support flash is because it is a huge cpu hog and eats through batteries in minutes.
It's hard to say that flash is on the decline, unless you are using an ad-blocker and don't see that almost every page on the internet uses flash in some form. It's used in other environments as well, notably for simulation training.
Finally, flash was a well established product by the time Adobe got their hands on it.
Enough about flash. I can see potential in the iPad despite its unfortunate name, sealed battery, out of date aspect ratio, lack of control (until it is unlocked), and inability to multitask. Compare it to an e-book reader and it is an amazing feat, but compare it to a netbook... Unfortunately, people want to compare it to a netbook more than an e-reader because it far outclasses one but can't measure up to the other at all.
edit:Quicktime. I know something bothered me about that non proprietary internet comment.