Adobe Flash player doesn't work on Android 4.0, update on the way

You might have heard that the Samsung Galaxy Nexus, the bringer of Android Ice Cream Sandwich (ICS), doesn’t support Flash. It's not a hardware issue limited to the that model, the problem lies with the software - Flash doesn’t support ICS. Yet.
Adobe is expected to release an update by the end of the year that will add support for Ice Cream Sandwich to Android's Flash player. But pay attention at how Adobe worded its statement:

Adobe will release one more version of the Flash Player for mobile browsing, which will provide support for Android 4.0, and one more release of the Flash Linux Porting Kit - both expected to be released before the end of this year.

So, the next major Android version isn't getting official Flash support. Which coincides with Adobe's updated strategy for mobile devices that calls for HTML5 to replace Flash.
That doesn’t exclude the possibility of Flash on Android altogether - we've seen third party players like HTC's plugin - but the end is nigh. RIM for one has officially stated that they will continue development of the plug-in for their PlayBook tablet (and presumably phones running the upcoming new OS). Others who have licensed the source code can do the same.
Note that this is only for the Flash plug-in for browsers. Devs will still be able to use Adobe's technologies to create apps and games for mobile devices through Adobe AIR. That will go on with a focus on console-like gaming (thanks to the recently added 3D support). Flash for the desktop will also see continued development.