Extending User Control of Flash with Click-to-Run
blogs.windows.com
blogs.windows.com
I know one exists, but last I checked it was not fully featured and had issues. We'd need to either finish that for archiving purposes, or hopefully Adobe can just open source their player once everyone bans it across the web.
I also know there's been work in turning Flash content into HTML5 content on the fly, and maybe that will be complete enough to play legacy content down the road.
Fix'd. It's not even just that you don't need it for 95% of content, it's that OS vendors actively prohibit it's use due to it's unstoppable myriad of security concerns.