[af_vet_rr]

No, it won’t. AIR doesn’t run in the player. It runs as a native app.

I'm all in favor of a native app versus flash in a mobile browser.

[Azeem]

AIR is awesome. Building for iPHones and Droid at the same time is much preferred.

The new 3D capability of Flash 11 is really cool. You can run Unity through it and the Unreal engine.

And HTML5 will require Microsoft, Apple, Google, and Mozilla to work together and standardized. Microsoft will find a way to screw it up (just like Java, CSS, etc).