Ok.......Originally Posted by Mountainbikermark
I am sure it just streams the videos using whatever codec HTML 5 uses.
There are apps for the iPad that will allow you to play Flash videos as well. This is one of them:
iSWiFTER for iPad on the iTunes App Store
It's a bit kludgy and since it's actually converting Flash content on the fly and playing it from their servers the audio and picture quality aren't as good as the "original" Flash file (which has pretty lousy audio and video quality to start with), but it works.
There are dozens of other threads discussing Flash, etc. so do a search if you'd like to find out more.
I wouldn't let the Flash/no Flash argument stop you from getting an iPad. It's a minuscule element of the iPad's user experience which is generally awesome IMHO. FWIW I've been using my iPad for over a year now and I don't miss Flash at all. YMMV of course.