http://www.macworld.com/article/150960/2010/04/microsoft_flash_html5.html?lsrc=rss_main
"Dean Hachamovitch, Microsoft’s General Manager of Internet Explorer, cut to the chase rather quickly, by stating “the future of the Web is HTML5.” He also said that Microsoft has been “deeply engaged” in the HTML5 process with the W3C, the standards body that drafts the specifications for how HTML5 should work. The company’s Internet Explorer 9, now in beta for Windows users, features HTML5 support. Hachamovitch says that while the W3C does not specify a video format for video embedded in HTML5 sites, Microsoft has joined Apple in supporting H.264, and H.264 alone."
Hmm... It will be interesting to see how web standards will allow things like web ads or image galleries that currently use Flash. The gallery thing is important to me because it allows me to make it more difficult to take content from my web site galleries. (Note I said "more difficult", not "impossible".)