Looks like Adobe hasn't really improved anything with the final release of Flash for Android:

http://blog.laptopmag.com/mobile-flash-fail-weak-android-player-proves-jobs-right

But again, this is just a geek thing. The consumer space doesn't care about Flash running on a phone or personal media device. In my expert opinion, Apple wouldn't have sold as many devices had the browsing experience been destroyed with a Flash player.