Adobe will continue to provide bug fixes and security updates for existing plugins for Android and Blackberry platforms. Most modern browsers already support HTML 5. The decision to focus development around HTML 5, will enable them to do the same work that Flash did and in turn reach a broader audience as it can be implemented accross multiple platforms.
It is still not clear if this decision by Adobe will affect the future of Flash on desktop PC's. We are already aware of the vulnerabilities in Flash on the desktop, it may be for that reason that Microsoft has decided not to include Flash by default in Windows 8 default browser.
Our future work with Flash on mobile devices will be focused on enabling Flash developers to package native apps with Adobe Air for all the major app stores.- Adobe.
Some of our source code licensees may opt to continue working on and releasing their own implementations. We will continue to support the current Android and PlayBook configurations with critical bug fixes and security updates."RIM remains committed to delivering an uncompromised Web browsing experience to our customers, including native support for Adobe Flash Player on our BlackBerry PlayBook tablet (similar to a desktop PC browser), as well as HTML5 support on both our BlackBerry smartphone and PlayBook browsers,” RIM said in a statement to AllThingsD.- Adobe.
Current version of Flash for desktops is 11.2, Adobe is already working on Flash 12 for desktops. The latest versions of Adobe Flash and Adobe Air that are availabe for mobile users to download are 11.1 and 3. Although, Adobe has said they will continue to provide bug fixes and security updates, we will never see a version 11.2 or 12 for flash.
Source: TheGuardian, AllThingsD