I won't miss Flash. Not worried about it at all. It's Apples device, they can design it to support/not support whatever they feel. It's my feeling they know something we don't. Maybe?
Regardless, if it came right down to it, it's not like Apple couldn't write some code and support it if they wanted to down the road. There's not an anti-flash chip soldered on the logic board
I agree with the power draining effects Flash has on devices. Even on my Macbook Air, if I launch a flash video or animation, my fans go full tilt, and the bottom of my Mac becomes so hot I can barely touch it. Ridiculous. I can browse the web for hours, but as soon as I visit a flash site...fans come whirring on.
The thing I don't understand is why Adobe hasn't figured out some way to shrink loading times/sizes of Flash files. On average I wait 2x longer for a flash site to load than most others...often longer.
I don't blame Apple. They want a great mobile device with good battery life, not something that's going to overheat and have it's battery drained.