If Steve Jobs were still alive, he certainly would be even more smug about his decision to not include Flash on his iPad or iPhone devices. Despite the negative press, despite he competitive difference it could make for Android devices, Jobs was certain it wasn't good enough for his devices. And ultimately, his decision paid off.
Where once Adobe proudly told Apple that they were wrong, they must now back track and swallow their pride. Apple was right. Flash on mobile devices is no more. "We (Adobe) are excited about this, and will continue our work with key players in the HTML community, including Google, Apple, Microsoft and RIM, to drive HTML5 innovation they can use to advance their mobile browsers."
Hard for a company to change; that Adobe continues to adapt to a changing web environment and the needs of its users should be welcome news. In the short run, Adobe's stock has been hit, but in the long run, this change was necessary. Survival means adapting to change and not remaining locked in old thinking. For Adobe to make this change is ultimately a smart move.