Adobe pre-released experimental technology today that converts your Flash files into HTML/HTML5. Wallaby is the codename, and as with any pre-release/beta software there are no guarantees on reliability or feature set. There is limited browser support and several known issues/bugs. In fact, the number of completed and working functions is about equal to the number that is either unsupported or incomplete.
So buyer, beware — except that you don’t have to buy anything. You’ll just be part of the great experiment that will hopefully encourage Adobe and Apple to be friends again.