I personally believe that Flash has had its day and should die a Hero, rather than be resurrected to become a villain.
For being open-sourced, it was a pretty hot topic, especially at an interesting gathering inside Macromedia in the summer of 2005. Little did we know (or kinda) that it was going to take a different path with Adobe that Christmas.
Honestly, I think, Flash kinda died way before the iPhone was released.
That different path was grim. Adobe wrecked or killed a lot of really good software after the buyout. Freehand and Fireworks were incredible for their day.