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Adobe announced it is halting development of Flash Player for mobile in the browser, but it will continue support for AIR on mobile devices.
Will Flex survive long term? I have my doubts.
I'll still develop my skills in Flex and see what happens with Flex 5, but I'll also start studying Ruby on Rails, which I actually dislike because it seems so obscure, but there are more jobs in RoR and I hear the pay rates are better.
Good job Adobe. Glad to see you're able to get the job done! Not.
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You may be jumping ship, but I bet you continue to use Adobe technologies. Also, you can bring in google maps anywhere. Flex, or Flash Builder now, is a very powerfull tool. They fantastic thing now is you can basically code one app and deploy it on different mobile devices.
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RoR is not a competitor to Flex. RoR is worth learning but that has nothing to do with the decline or otherwise of Flex. You can use RoR with Flex. See for example http://flexonrails.com/. If you're trying to replace your Flex skills learn another front-end technology like HTML5 or Java Swing.
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You got it.
Java v RoR
Flex v Silverlight v Other Crap