According to a story in ZDNet, Adobe will soon cease creating Flash for all mobile platforms (including Android) and will encourage developers to use AIR or HTML5 instead of Adobe code in the near future.
Flash for Android has been controversial, to say the least. While it often was touted as proof that Android was the only system to offer users a "full" web experience, performance has been lackluster. While Adobe will continue providing security updates to existing Flash programs, its development is essentially over.
Now we just hope existing web pages utilizing Flash will convert to HMTL5, and quick!
Here's a full statement from a source that's close to Adobe: