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It's counterintuitive but Adobe should be working on a project like this.

A decent server side SWF->HTML5 would enable existing websites to offer the first class experience (the SWF) to Flash enabled browsers, and push a HTML5 conversion for non-Flash browsers (Apple mobile devices). It would shaft Apple (Why does this run so slow on the iPad?) and slow the move away from Flash (Adobe could still make a credible 'runs everywhere' argument).




Wallaby is a feature of the IDE to publish as HTML5 - it doesn't seek to address all the SWF content that is already out there.




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