No mention of how it handles hover events...
FTA: Flash Player Mouse Events on Touch Screen Devices- http://www.youtube.com/watch?v=tj1hiLnIp_g
Go.
You know I haven't been able to play a single HTML5 game on my N1. Every single one requires either a physical keyboard or mouse events that I can't simulate.
That's not to say that future Flash content won't be built with touchscreen interfaces in mind.