The "Flash War": Apple versus Adobe

Over the last two months, there have been lots of discussions in various media about the role of Flash in devices such as Apple iPhone, iPad, mobile phones, netbooks and other devices.  With the introduction of Apple iPad earlier in April and the subsequent announcement about iPhone OS 4.0, this issue has been elevated to a higher level. 


Steve Jobs wrote a lengthy post on why Apple's decision is based on technical as opposed to business considerations.  He lays out six points and concludes by saying that:

Flash was created during the PC era – for PCs and mice. Flash is a successful business for Adobe, and we can understand why they want to push it beyond PCs. But the mobile era is about low power devices, touch interfaces and open web standards – all areas where Flash falls short.

Adobe refutes many of the points. Here's the CEO interview with WSJ. 



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Where do you come down on this debate?  What does it mean for Adobe? Apple? the developer community?  Can companies such as Google, Microsoft, Nokia and others seize upon this fight and jockey for advantage?