Have you actually tried Flash Player 10.1 on an Android phone? I have, today, on Google I/O. It works very well and it's not how you say at all. There are lots of videos showing it as well.
Please, try before you judge.
Please, try before you judge.
The bottom line is that you have the option to use flash, or not. On the iphone, you have no option. There is no losing here.
Actually, HTML5 video playback on mobile devices is hardware-accelerated. That's the reason it works well, as opposed to this, which does not.
Canvas+JS is not accelerated on mobile devices.