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It hurts my eyes to see this. This is Flash 10 years ago. And less.
The sadest thing: Due to the restrictions of JavaScript rgarding type safe variables, clean opject oriented programming an so on, it will most likely be impossible to reach the level of maturity that Flash has reached over the years.
Might be nice for all kinds of awful banner-ads, but it will surely be hell for anyone who is forced to do things that require more sophisticated coding than attaching stupid five line scripts to graphical objects.
Maybe its just matter of AciveX security but its W3C politic/strategy to kick out Flash from the web with HTML5.