I came across
this post in my daily readings. It describes hows Scott Petersen has created a toolchain that takes C code, converts to a byte code, and then runs via a virtual machine through Flash. Supposedly Scott has Quake, Ruby, Python, and other scripting languages running through Flash. The implications of this are huge. With the ubiquity of Flash, their virtual machine (Tamarin), and the ability to automatigically get C code running through Flash, we'll finally have a decent platform on which to create rich Internet applications.
Personally I think this is a game changer and Adobe's management should be commended for their foresight. This move will likely cement Flashes ubiquity, and please many web developers, myself included.