The world is ending, ladies and gentlemen, Adobe has officially (and finally) decided to pull the plug on Flash and will now spend their days making HTML5 far more awesome than it already is. This means that the last version of Flash Player for Android will be version 11.1, however, Adobe will continue to push out updates for bugfixes and security flaws.
We will no longer continue to develop Flash Player in the browser to work with new mobile device configurations (chipset, browser, OS version, etc.) following the upcoming release of Flash Player 11.1 for Android and BlackBerry PlayBook. We will of course continue to provide critical bug fixes and security updates for existing device configurations.
Flash for PC will still stick around for the time being since it is used widely by many game developers. As for HTML5, I think we’re going to see Adobe do some really great stuff with it, especially since they can finally enter the realm of iOS.