HTML5 compared to Flash is like a hat compared to an umbrella. They can be used together, but a hat won't replace an umbrella.
In may 2010, 0,86% of all online users use an iPhone or iPad (=iOS).In may 2010, 97,00% of all online users have the Flash Player 10 installed.In may 2010, 87,00% of all online users CAN'T see HTML5 video h.264.These speedtests show Flash Player 10.1 outperforms HTML5.
With these figures in mind, does it make sense to leave Flash and jump back in time with HTML5?